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Shell heading for $1.6bn battle over BG’s Kazakhstan gasfield

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Screen Shot 2016-03-15 at 10.34.57Marcus Leroux: April 6 2016

Royal Dutch Shell’s newly acquired BG assets have drawn it into an impending $1.6 billion bust-up with the government of Kazakhstan.

The central Asian country has filed a claim against a group of oil and gas companies, led by BG and Eni, of Italy, relating to the share of the spoils that it will receive from the huge Karachaganak gasfield. The claim, disclosed by Lukoil, another partner in the field, is slightly less than an original estimate of $2 billion.

Kazakhstan is grappling with lower oil and copper prices, which have hit government revenue. Shell, which owns 29 per cent…

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