Kazakhstan Presses on With $4 Billion Sulfur Fine on Oil Majors

Image for article Kazakhstan Presses on With $4 Billion Sulfur Fine on Oil Majors
News Source : Financial Post

News Summary

  • Kazakhstan’s environmental-protection ministry told oil majors operating in the country they have 40 days to pay a multibillion-dollar fine for sulfur pollution.
  • At the start of August, NCOC and partners in the Kashagan oil field said they won a case in an appeal court over a fine of 2.356 trillion tenge — $4.4 billion at current exchange rates.
  • The plan is to appeal but, if they don’t, then payment will be required in 30 days.
(Bloomberg) Kazakhstans environmentalprotection ministry told oil majors operating in the country they have 40 days to pay a multibilliondollar fine for sulfur pollution, a blow to the producers wh [+4709 chars]

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