Oil majors developing the Kashagan field — Kazakhstan’s largest oil and gas field on the Caspian shelf — have won a $4.2 billion environmental dispute in an Astana appeals court, according to Bloomberg.
Sulfur dispute
The case stemmed from a 2022 fine imposed by Kazakh authorities over excessive sulfur storage at the field. Kashagan’s high-sulfur crude requires safe processing and removal, and Kazakh regulators claimed that open-air sulfur storage violated environmental laws. The penalty against the North Caspian Operating Company (NCOC), the consortium operating the field, was initially 2.3 trillion tenge — about $5.1 billion at 2022 exchange...