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Kazakhstan seeks $5.1 bln fine from Kashagan oil field: Report
Kazakhstan has filed a claim against the Kashagan oil venture for about 2.3 trillion tenge ($5.14 billion) in environmental protection fines, Bloomberg News reported on Wednesday, citing the country’s Ecology and Natural Resources Ministry.
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The ministry has accused the North Caspian Operating Company (NCOC) which runs Kashagan, of keeping more than double the amount of sulfur permitted on the site, the report said.
The NCOC did not immediately respond to a Reuters’ emailed request for comment.
Kashagan, which is one of Kazakhstan’s biggest oilfields, halved its output last year for about two months due to a gas leak. The field has now fully restored production.
Some of the Central Asian nation’s biggest oilfields stopped for planned maintenance last year.
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