ExxonMobil blocked initiative to resolve Kashagan dispute for $5.2 billion ExxonMobil Holdings Corp. blocked a proposal that would have required participants in the Kashgan oil field development project in Kazakhstan to settle a dispute with the country's government over an environmental fine worth $5.2 billion, Bloomberg reports, citing sources." ExxonMobil did not support the latest proposal to resolve the dispute and previously persuaded TotalEnergies to take a neutral position.

ExxonMobil blocked initiative to resolve Kashagan dispute for $5.2 billion ExxonMobil Holdings Corp. blocked a proposal that would have required participants in the Kashgan oil field development project in Kazakhstan to settle a dispute with the country's government over an environmental fine worth $5.2 billion, Bloomberg reports, citing sources." ExxonMobil did not support the latest proposal to resolve the dispute and previously persuaded TotalEnergies to take a neutral position.