Shell Arbitration Loss Tests Cash Returns And Karachaganak Contract Terms
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Shell Arbitration Loss Tests Cash Returns And Karachaganak Contract Terms
Shell has lost an international arbitration case related to cost recovery at the Karachaganak oil field in Kazakhstan. The ruling, which also affects partner Eni, could leave Shell exposed to a payout of up to $4b. The decision may require changes to the production sharing contract that governs operations at the field. Shell and Eni are ...
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