arbitration

Exxon ties $80B Kashagan expansion to $150B dispute

ExxonMobil Exxon Mobil Corporation has told Kazakhstan that a potential $80 billion joint investment to develop the western portion of the Kashagan oil field hinges on resolving a long-running dispute worth roughly $150 billion between the government and international oil…

Kazakhstan freezes Kashagan operator’s assets over $5B fine

Kazakhstan has frozen the property and transport of the North Caspian Operating Company, operator of the giant Kashagan oilfield, over the consortium's refusal to pay a nearly $5 billion environmental fine, according to the justice ministry's database as reported by…