Kazakhstan has won an arbitration case against Western shareholders of a major oilfield, securing favorable terms in a longstanding dispute, according to Upstream Online. The ruling marks a significant victory for the Kazakh government.

Best Asian Daily Information Website

Kazakhstan has won an arbitration case against Western shareholders of a major oilfield, securing favorable terms in a longstanding dispute, according to Upstream Online. The ruling marks a significant victory for the Kazakh government.

Exxon is reportedly in talks with Iraq to acquire Lukoil’s stake in the massive West Qurna 2 oilfield, sources say. This potential deal highlights a surge of interest in strengthening and expanding Iraq’s energy partnerships