Karachaganak Petroleum Operating BV, the consortium operating Kazakhstan's Karachaganak oil and gas field, lost an international arbitration case, leaving it potentially liable to pay $2 billion to $4 billion in compensation for unapproved cost recoveries under the production-sharing agreement, Bloomberg reported on Jan. 26.

Kazakhstan: Arbitration Ruling Raises Stakes for Energy Investors

Kazakhstan: Arbitration Ruling Raises Stakes for Energy Investors | RANE

Kazakhstan

Economics

Energy

Karachaganak Petroleum Operating BV, the consortium operating Kazakhstan's Karachaganak oil and gas field, lost an international arbitration case, leaving it potentially liable to pay $2 billion to $4 billion in compensation for unapproved cost recoveries under the production-sharing agreement, Bloomberg reported on Jan. 26. 

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Kazakhstan: Arbitration Ruling Raises Stakes for Energy Investors

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