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Latest news in Kazakhstan

Iran offers ocean to oil giant Kazakhstan (Middle East Times)

12 May 2008

A central tenet of U.S. Middle East foreign policy has been to maintain Washington's sanctions imposed on Iran under the 1996 Iran-Libya Sanctions Act, or ILSA, and persuade or strong-arm other nations into minimizing their trade relations with the Islamic republic.

Kazakhstan pushes for more in oil deal (Financial Times)

12 May 2008

Kazakhstan agreed surprisingly generous terms in its 1997 contract with international oil companies for developing the vast Kashagan oilfield, prompting its much-criticised efforts to renegotiate the deal.

Kazakhs in Kashagan accord with consortium (Financial Times)

12 May 2008

Kazakhstan agreed a deal with an Eni -led consortium on Sunday night to develop the Kashagan oilfield. The consortium – which includes ExxonMobil of the US, Royal Dutch Shell and Total of France – agreed to pay Kazakhstan $2.5bn-$4.5bn in compensation for the project’s late start.
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