Middle East Economic Survey

VOL. LI

No 7

18-February-2008

CASPIAN

Kazakh Prime Minister Warns Of Contract Cancellations

Kazakhstans Prime Minister Karim Masimov on 7 February warned companies holding contracts for the development of hydrocarbon and mineral resources that failure to abide by the terms of their contracts could result in their cancellation, with the assets returned to the government. Speaking to an energy ministry conference in Astana, Mr Masimov said: All existing contracts with...