TCO Fined $70Mn For Environmental Violations Due To Sulfur Storage
A court in Kazakstan has upheld a government fine of $70mn levied against TengizChevroil (TCO), the ChevronTexaco-led operating company for Kazakstans giant onshore Tengiz oilfield, for what the Kazak government considers to be the hazardous storage of 6mn tons of sulfur at the Tengiz site. The decision only will serve to rub salt in a wound as it comes after a recent decision by TCO to...
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