Kazakhstan Freezes Assets of Kashagan Oil Operator Over $5 Billion Fine
Kazakhstan froze property and transport assets at the North Caspian Operating Company, the operator of the Kashagan oilfield, after the firm failed to pay a nearly $5 billion environmental penalty, a justice ministry database showed.
The registry did not list the specific properties or vehicles seized. A ministry statement indicated authorities are also weighing a move to collect the disputed fine directly from the international oil companies that back the venture.
From the sources (3 posts)
@businessKazakhstan is considering the option of collecting a disputed $5 billion environmental fine by going directly after the oil majors behind the Kashagan venture, the Justice Ministry said.
@staunovo#Kazakhstan has frozen property and transport of North Caspian Operating Company, the operator of the Kashagan oilfield, over the non-payment of a near $5 billion environmental fine, the Interfax news agency reported, citing the just
@reuterslegalKazakhstan has frozen property and transport of the North Caspian Operating Company, the operator of the Kashagan oilfield, over the non-payment of a nearly $5 billion environmental fine, according to the justice ministry's database. https: