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Kazakhstan presses ahead with $16 5 bln claim against oil majors

Kazakhstan is pressing ahead with $16.5 billion in claims against international oil majors over disputed project costs and has no plans for a possible out-of-court settlement, Energy Minister Almasadam Satkaliyev said on Tuesday.

Kazakh oil output falls on lower Tengiz production

Kazakhstan s daily crude output has fallen by about 20,000 tonnes per day this week due to lower production at the giant Tengiz field, the Central Asian nation s Energy Ministry said on Wednesday. . | October 5, 2022

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