Kazakhstan Prime Minister Karim Masimov will make a statement on Thursday after a week of reports suggesting ENI was being asked to pay $10 billion in compensation over the late start-up of the Kashagan oilfield.
Interfax, Thompson Financial and the ¬Financial Times all reported the ENI-lead consortium would delay first production of the 300,000-barrel-a-day Phase I to 2010 from 2008. Eni said costs were pushing toward $136 billion, or 138 percent more than planned.
The Financial Times reported the government would be seeking to raise its share of production to 40 percent from 10 percent.
ENI, ExxonMobil, Royal Dutch Shell and Total each hold 18.52 percent stakes in the consortium.
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