Middle East Economic Survey

VOL. XLVIII

No 24

13-June-2005

caspian

Kazakh Court Orders PetroKazakhstan To Return Crude To Lukoil Joint Venture

A Kazakh court has ordered a subsidiary of Canadas PetroKazakhstan, PetroKazakhstan Kumkol Resources (PKKR), to return 394,719 tons (2.88mn barrels) of crude oil to Turgai Petroleum, its joint venture with Russias Lukoil Overseas. The partners have been in dispute for several months over volumes of Turgai crude that PetroKazakhstan says should be allocated...