Middle East Economic Survey
VOL. LIII
No 18
03-May-2010
CASPIAN
Kazakh Authorities Say KPO Overstated Costs
Karachaganak Petroleum Operating (KPO) has been accused by Kazakhstans financial police of overstating its costs by $1.25bn for the years 2002-07, Reuters reported on 29 April. A new criminal case has been launched against the management of KPO BV over the theft of KZT187bn ($1.25bn) by overstating its oil production costs by this figure in 2002-07, a spokesman for the authorities said. This...
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