Middle East Economic Survey

VOL. LIV

No 5

31-Jan-2011

CASPIAN

KPO Fined For Environmental Violations

Kazakhstans Environmental Protection Ministry announced on 26 January that it had decided to fine the Karachaganak Petroleum Operating (KPO) consortium, which is developing the countrys second largest oil and gas condensates field, with a $27mn penalty for a number of violations of ecology laws and damage for arbitrary and excessive storage of waste. KPO, which is owned by Italys Eni,...