Middle East Economic Survey
VOL. LIV
No 40
3-Oct-2011
CASPIAN
Tengizchevroil Pays $11.5Mn Environmental Fine
The Office of Kazakhstans Prosecutor General announced on 23 September that the Chevron-led Tengizchevroil (TCO) consortium, which is developing Tengiz oil field, has paid a fine of KZT1.7bn ($11.5mn) for environmental violations due to unauthorized gas flaring. Such fines are a feature of Kazakh oil field projects, with TCO having an earlier dispute with the authorities over sulfur...
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