Middle East Economic Survey

VOL. LIV

No 22

30-May-2011

CASPIAN

Negotiations Over KMG Entry Into KPO Reach Stalemate

Negotiations between the Kazakh Ministry of Petroleum and the Karachaganak Petroleum Operating (KPO) consortium regarding the participation of state firm KazMunaiGaz (KMG) in the project have reached stalemate almost two years after they were initiated at Astanas request. The Kazakh government has already levied billions of dollars worth of fines on the KPO partners the...