Kazakhstan is seeking more than $150 billion in compensation from the oil majors developing its huge Kashagan oilfield, after adding a $138 billion claim for lost revenue to a previous claim of $15 billion over costs, anonymous sources with knowledge of the matter told Bloomberg on Wednesday. Kazakhstan already claims that it is owed as much as $16.
5 billion by international oil majors for project costs in two of the biggest oilfield developments in the country in the past decade, the Kashagan and Karachaganak oilfields. Kazakhstan,…Kazakhstan’s Compensation Claim Against Big Oil Climbs to $150 Billion
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