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Oil Majors Lose Another Appeal of $5 Billion Kazakh Sulfur Fine

cudhfrance@gmail.com by cudhfrance@gmail.com
April 17, 2026
in Business
0


The sulfur fine is connected to a wider $166 billion international arbitration centered around Kashagan, the country’s second-largest oil field. Kazakh authorities have being pushing for higher revenue from the nation’s resources and have sued the venture partners in international arbitration. Most of that amount relates to claims for lost revenue, but also includes environmental violations and contracts that the state alleges were tainted by corruption.

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