VOL. XLV

No 44

4-November-2002

CASPIAN

Foreign Oil Firms Face Increasingly Rigid Regulatory Environment In Kazakstan, Says PFC

A new law on sourcing introduced by the Government of Kazakstan last June will complicate oil company operations and create more opportunities for corruption, according to a recent Executive Memo produced by Washington-based Petroleum Finance Company (PFC). The new sourcing law is designed to regulate the procurement of goods and oil contractor services by forcing private...