Middle East Economic Survey

VOL. XLVIII

No 29

18-July-2005

Caspian

Kazakh Court Rules In Favor Of Turgai Petroleum Over PetroKazakhstan

A court in South Kazakhstan has ruled that Canadas PetroKazakhstan must pay $13.2mn to Turgai Petroleum in a dispute instigated by Russias Lukoil over crude and oil product sales. Turgai is a 50:50 joint venture between Lukoil Overseas Kumkol and PetroKazakhstan (MEES, 27 June). Lukoil said on 11 July that PetroKazakhstan subsidiary PetroKazakhstan Oil Products...