Kazakhstan suspends 2.3 trillion tenge environmental fine against NCOC
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Kazakhstan has suspended enforcement of a 2.3 trillion tenge environmental fine against North Caspian Operating Company (NCOC), the operator of the Kashagan oil field. The suspension halts collection proceedings that had been underway against the consortium.
Key Facts
- The suspended enforcement concerns an environmental fine of 2.3 trillion tenge imposed on NCOC.
- NCOC is the operator of the Kashagan oil field in Kazakhstan.
Suspension of Enforcement
Kazakhstan has suspended enforcement proceedings against NCOC for an environmental fine of 2.3 trillion tenge. The suspension applies to the executive production initiated to collect the fine from the Kashagan operator.
Kashagan Operator
NCOC operates the Kashagan oil field, one of Kazakhstan's largest offshore developments. The environmental fine of 2.3 trillion tenge was imposed on the consortium for violations at the field.
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