Financial Times FT.com

Kazakhs in Kashagan accord with consortium

By Ed Crooks In London and Isabel Gorst in Moscow

Published: January 13 2008 23:40 | Last updated: January 13 2008 23:40

Kazakhstan agreed a deal with an Eni-led consortium on Sunday night to develop the Kashagan oilfield.

The consortium – which includes ExxonMobil of the US, Royal Dutch Shell and Total of France – agreed to pay Kazakhstan $2.5bn-$4.5bn in compensation for the project’s late start.

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