International Court of Arbitration rejects Kazakhstan's claim against NCOC In Astana's ongoing litigation with NCOC, operator of the Kashagan field, the country's $12 billion claim against the international consortium has been rejected. This claim concerns the reimbursement of field development costs and tender fraud for the period 2011-2015. The International Arbitration Court did not agree precisely on the period of time, since the events, according to the court, took place a long time ago. It is worth noting that two additional claims from Kazakhstan for $8 billion and $5 billion are ongoing. Moreover, according to the latter, despite all the attempts by the international consortium to "jump", all that remains is to wait for payments, since NCOC has already lost the court. We explained the importance of Kazakhstan's victory in the conflict with the international consortium in the summer. However, now everything looks like Astana is not only protecting its reputation, but also trying to shake off NCOC in any way it can. Unbreakable.

International Court of Arbitration rejects Kazakhstan's claim against NCOC In Astana's ongoing litigation with NCOC, operator of the Kashagan field, the country's $12 billion claim against the international consortium has been rejected. This claim concerns the reimbursement of field development costs and tender fraud for the period 2011-2015. The International Arbitration Court did not agree precisely on the period of time, since the events, according to the court, took place a long time ago. It is worth noting that two additional claims from Kazakhstan for $8 billion and $5 billion are ongoing. Moreover, according to the latter, despite all the attempts by the international consortium to "jump", all that remains is to wait for payments, since NCOC has already lost the court. We explained the importance of Kazakhstan's victory in the conflict with the international consortium in the summer. However, now everything looks like Astana is not only protecting its reputation, but also trying to shake off NCOC in any way it can. Unbreakable.