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Kazakhs pass bill aimed at Kashagan break


Published Sep 26, 2007
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The Kazakh parliament has passed a bill to allow the breaking of contracts with oil companies if oil company “behaviour” threatens the national interest, Thomson-Financial reported Wednesday.

The bill, which is not yet law, is aimed at an ENI-lead consortium developing the 13-billion-barrel Kashagan field, where a production start has been moved from 2005 to 2010 and where the Kazakhs want to quadruple their share.

A government press release said costs have shot up to $136 billion from $57 billion and were a clear threat to the people.

ENI is partnered with Total, Shell, ExxonMobil, Inpex and Kazmunaigaz.



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