Kazakhstan sees arbitration ruling on Karachaganak before year-end

ASTANA, Dec 15 (Reuters) - Kazakhstan's energy minister, Yerlan Akkenzhenov, said on Monday that a ruling in the arbitration case involving an international consortium developing the Karachaganak oil and gas condensate field is expected before year-end.

The Central Asian country in 2023 launched claims against the developers of its Kashagan and Karachaganak oilfields over $13 billion and $3.5 billion, respectively, in disputed costs.

The ruling expected this month is on the field operated by the Karachaganak Petroleum Operating consortium, which includes Eni ENI.MI (29.25%), Shell SHEL.L (29.25%), Chevron CVX.N (18%), Lukoil LKOH.MM (13.5%) and KazMunayGaz KMGZ.KZ (10%).