Royal Dutch Shell Plc  .com Rotating Header Image

Shell heading for $1.6bn battle over BG’s Kazakhstan gasfield

Screen Shot 2016-04-06 at 07.46.33

Screen Shot 2016-04-06 at 07.47.15

Screen Shot 2016-03-15 at 10.34.57Marcus Leroux: April 6 2016

Royal Dutch Shell’s newly acquired BG assets have drawn it into an impending $1.6 billion bust-up with the government of Kazakhstan.

The central Asian country has filed a claim against a group of oil and gas companies, led by BG and Eni, of Italy, relating to the share of the spoils that it will receive from the huge Karachaganak gasfield. The claim, disclosed by Lukoil, another partner in the field, is slightly less than an original estimate of $2 billion.

Kazakhstan is grappling with lower oil and copper prices, which have hit government revenue. Shell, which owns 29 per cent…

FULL ARTICLE

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.