Financial Times FT.com

Early resolution unlikely in Eni’s Kashagan standoff

By Isabel Gorst

Published: September 9 2007 18:39 | Last updated: September 9 2007 18:39

Over a month has elapsed since Kazakhstan gave a foreign oil group led by Italy’s Eni 60 days to agree how to compensate the government for damage caused by delays and cost overruns at the giant Kashagan field in the Caspian Sea, one of the biggest and most complex oil developments in the world.

So far there appears to be no agreement about anything – except that the Kashagan dispute is a mess for all involved.

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