icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm
7 Sep, 2007 04:23

Kazakhstan threatens to pull Italian Eni's licence

Italian energy giant Eni is under pressure from the Kazakh government to give up control of the Kashagan oil field.

Eni says output at the field will start in 2010, five years behind schedule.

Kazakstan's government says it will not accept any financial burden related to the project's delay.

On Thursday, the country's Prime Minister said State-owned Kazmunaigas should take control of the project.

“According to Kazakh President’s orders and demands Kazmunaigas should be a co-operator. I will not say anything about percentages, at this stage,” stated Karim Masimov, Kazakh Prime Minister, in Astana, Kazakhstan.