Kazakhstan May Halt Work on Eni’s Kashagan Oil Field

Kazakhstan may suspend work at Eni SpA’s Kashagan oil project because of ecological damage as the Caspian Sea state seeks more profit from its biggest oilfield.

“Taking into account the failure to meet the previous obligation by the company, we must withdraw the permit as the company’s work brings irreparable ecological damage,” Environment Minister Nurlan Iskakov said today at a government meeting in Astana. “We will send the necessary materials to the energy ministry to decide on the halting of work at Kashagan.”

Bloomberg