Energy · 36 views
Kazakhstan Accuses Big Oil of $10.7 Billion Corruption in Kashagan Oil Project
Kazakhstan has alleged in a confidential arbitration case that some of the biggest international oil firms that have developed the giant Kashagan oilfield awarded $10.7 billion worth of contracts with unjustified cost increases or through…
Summary
Kazakhstan has alleged in a confidential arbitration case that some of the biggest international oil firms that have developed the giant Kashagan oilfield awarded $10.7 billion worth of contracts with unjustified cost increases or through bribes, the International Consortium of Investigative Journalists (ICIJ) team reported on Friday, citing multiple sources. The Kashagan oilfield was developed by the North Caspian Project consortium of international majors and Kazakhstan's state oil firm KazMunayGas.
AI summaries can be wrong sometimes—always verify important details using the source article.
How AI & Automation are usedMore from Energy
Continue reading recent Energy coverage
- Scatec secures $217 million for Egypt smelter solar-plus-storage plantContinue reading
- Heat pump grant survives, new loans for solar and battery storage in UK BudgetContinue reading
- Researchers improve heating uniformity in PV module laminatorsContinue reading
- Chilean solar plant offline for two months following cyberattackContinue reading
Support HappeningNow
Independent AI-powered news analysis is reader-supported. Your contribution helps cover infrastructure, summaries, and continued platform development.
Support HappeningNow