According to Olzhas Baidildinov, author and host of the «Baidildinov. Oil» TV show, Kazakhstan probably wants to increase its share in the North Caspian Operating Company, an international consortium that has run the Kashagan oil field on the Caspian Sea offshore since 2016.
«Five billion dollars in fines is quite a big amount of money. The consortium has already invested $65 billion in the project. They have never stopped investing, so these investments might be even bigger now, about $70 billion. Knowing all this, the government wants them to pay $5 billion in fines. I think...