V.Baturin/Shutterstock Kazakhstan is seeking $16.5 billion in damages in the European arbitration courts from the operating consortia for two of the country's largest fields — Kashagan and Karachaganak.The wrangling clouds efforts by the Kashagan partners to recoup their investment after shelling out more than $60 billion in capex; Karachaganak has proved a much more profitable venture.International oil companies (IOCs) may sense the Kazakhs aren't in as strong a position to deploy "resource nationalism" tactics as they were a decade ago. Save for later Print Download Share LinkedIn Twitter The Issue
