Oil Majors Win $4.2 Billion Sulfur Dispute in Kazakh Court

The $55 billion Kashagan development in the Caspian Sea has been dogged by delays and cost overruns. — The $55 billion Kashagan development in the Caspian Sea has been dogged by delays and cost overruns.Source: DigitalGlobe/Getty Images

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By Nariman Gizitdinov

August 1, 2025 at 2:13 PM UTC

Partners in Kazakhstan’s second-largest oil field won a case in a local court over environmental fine that could have exceeded $4 billion, the venture said.

Kazakhstan previously sought to fine the Kashagan oil field venture partners for about 2.3 trillion tenge, or $5.1 billion at the time but $4.2 billion at current exchange rates.