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Consortium including Total to appeal against Kazakhstan 530 mln euros fine-Reuters


Monday, 17 Mar 2014 08:00pm EDT 

Total SA:Kazakhstan authorities impose fine of 134.2 billion Kazakhhstani tenges (530 million euros) on consortium composed of Exxon Mobil, Royal Dutch Shell, Total, Eni and Kazakh company KazMunaiGas, among others - Reuters.Fine due to ecological damages after Oct. 2013 gas leak on Kashgan oil field being operated by consortium.Consortium risks having part of project seized by Kazakhstan state or part of its investments involved in project not repaid.Consortium says to have appealed against the fine. 

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