Middle East Economic Survey

VOL. XLVIII

No 26

27-June-2005

Caspian

Turgai And Lukoil Sue PetroKazakhstan For $220Mn

Turgai Petroleum and Lukoil Overseas on 10 June filed a claim against Canadas PetroKazakhstan for $220mn in the International Arbitration Court at the International Chamber of Commerce in Paris. Turgai, a joint venture between Lukoil and PetroKazakhstan that operates the Kumkol North oilfield in Kazakhstan, and Lukoil Overseas claim that Turgai was denied access to the $80mn...