Middle East Economic Survey

VOL. XLVII

No 30

26-July-2004

CASPIAN

BG Faces Investigation Over Karachaganak Exports

BG Group announced on 20 July that it was facing an investigation by Kazakhstans financial police regarding customs irregularities pertaining to the export of gas from the Karachaganak gas and condensate field. The Kazakh authorities allege that BG Karachaganak Distribution Company, a BG Group subsidiary, exported some $2.59bn worth of gas from Kazakhstan during 2001 and 2003 using...