11th Apr 2023 07:53
(Alliance News) - Kazakhstan on Tuesday said it had begun international arbitration proceedings against energy majors including ExxonMobil Corp, Chevron Corp and Shell PLC over USD16.5 billion in costs deducted from the revenues from two oilfields.
The government "has begun international arbitration against the Karachaganak and Kashagan (operating) companies," Energy Minister Almasadam Satkaliev was quoted by the official news agency Kazinform as saying, adding that "the sums are USD3.5 billion and USD13 billion".
source: AFP
Copyright 2023 Alliance News Ltd. All Rights Reserved.
Related Shares:
Shell