Kazakhstan toughens oil-project stance: threat to fire Eni Group over delays, rising costs aims to gain concessions
Article Abstract:
Prime Minister Karim Masimov has indicated that the Kazakh government might end its agreement allowing Italy's Eni S.p.A. to manage the Kashagan oil field project, which has been plagued by high procurement costs and technical problems. Industry observers believe that officials will not remove Eni, but will instead likely demand a larger take from revenue.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Kazakhstan presses Eni Group for better terms on oil project
Article Abstract:
Kazakhstan officials are seeking to raise the nation's share in the Kashagan oil field project from 10% to 40% as a response against a proposed change in the timeline of a contract it holds with a group of petroleum developers led by Italy's ENI S.p.A.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
User Contributions:
Comment about this article or add new information about this topic:
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