VOL. XLVI

No 13

31-March-2003

CASPIAN

Kazakstan Reduces TCO Environmental Fine For Damage Caused By Sulfur Storage

Kazakstans Supreme Court on 26 March reduced a $70mn fine levied against TengizChevroil (TCO) last December to $7mn, a decision that is expected to improve the somewhat strained relations between ChevronTexaco and its foreign partners and the Kazak government, which is represented in the consortium by state-owned KazMunaiGaz. But the ruling by a lower court in Atyrau last year...