The case involving NCOC, the operator of the Kashagan oil field, is still under review by Kazakhstan’s Supreme Court. However, Zhomart Aliyev, Kazakhstan’s vice minister of ecology and natural resources, said he believes the government will ultimately recover 2.356 trillion tenge (about $5 billion) in environmental fines from the consortium.
«The final cassation hearing in the Supreme Court is still ahead of us. However, given that the case has been in the courts for two years and has already gone through all lower court instances, there is already a high probability and a strong...