Deals
Kazakhs Cancel 21 Oil Contacts on Violations, News Agency Says
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Kazakhstan canceled 21 oil contracts this year after companies breached the terms, Novosti-Kazakhstan said, citing Deputy Oil and Gas Minister Aset Magauov.
Kazakhstan had 205 oil and gas contracts as of Dec. 1, including 68 contracts for both exploration and production, 69 for exploration alone and 52 for production, Magauov said today, according to the Astana-based news service. The nation also had 16 production-sharing agreements, Novosti-Kazakhstan said, citing Magauov. The news service didn’t name the companies that lost contracts.