Financial Times FT.com

Oil groups move to calm Kazakh dispute

By Isabel Gorst in Almaty

Published: November 27 2007 06:12 | Last updated: November 27 2007 06:12

A high-ranking foreign delegation arrived in Astana on Monday to discuss Kazakhstan’s demands for compensation for production delays and soaring costs at the Kashagan oilfield in the Caspian Sea.

A group led by Italy’s Eni is under intense pressure to meet a November 30 deadline set by Kazakhstan for amicable settlement of the dispute, which erupted after the Italian energy group presented a revised development plan for Kashagan, one of the world’s biggest oilfields.

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