Middle East Economic Survey

VOL. LI

No 3

21-January-2008

CASPIAN

Agip KCO Partners Cede Ground To Kazakh Government In End To Kashagan Dispute

The Kazakh government and international oil companies developing Kazakhstans giant offshore Kashagan oilfield agreed on 13 January to major changes in the structure of the projects production-sharing agreement (PSA). After months of difficult negotiations, it has been agreed that consortium shareholdings will change and compensation will be paid to the...