Kazakhstan To Revise The Deal With Karachaganak Consortium.

Legal News & Analysis - Asia Pacific - Kazakhstan - Energy & Project Finance

21 November, 2019


In October last year the government of Kazakhstan and the shareholders of the Karachaganak project agreed on the distribution of income from the sale of oil.


They signed agreement included an agreement, according to which the consortium should pay to Kazakhstan a compensation in the amount of $ 1.1 billion. 


Negotiations with shareholders of Karachaganak were planned to be completed before the end of 2018. However, the signing of legally binding settlement agreements did not take place.


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Saniya Perzadayeva, Managing Partner, Unicase Law Firm