VOL. XLVI

No 42

20-October-2003

CASPIAN

Shell Criticizes Kazakhstans Pending Offshore PSA Legislation

Speaking at the Kazakh International Oil and Gas Conference (KIOGE) in Almaty on 8 October, the head of Shells operations in Kazakhstan, Martin Ferstl, called on the Kazakh Government to make changes in pending legislation concerning production-sharing agreements (PSAs). Mr Ferstl said that Kazakhstan ran the risk of scaring off investors with legislation that was vague and left open to various...