About: http://data.cimple.eu/news-article/ed1833d82eba9c7c76e7417fe66e03f28e59600061ba5b881b76977e

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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Kazakhstan declared a long-running profit-sharing dispute over a giant oil field settled Monday after a consortium led by energy majors agreed to pay the Central Asian country $1.3 billion. Operators Royal Dutch Shell and Italy's Eni each hold stakes of 29.25 percent at Karachaganak, a giant gas condensate field in the northwest of the energy-rich country. Smaller stakes are held by Chevron Corp, Lukoil and Kazakhstan's KazMunayGas. Kazakhstan said the consortium had agreed to pay it a $1.3 billion cash settlement in addition to finalising the terms of production sharing. The energy ministry said the new terms of the agreement should offer Kazakhstan an extra $600 million through to 2037 if oil prices stay in the $40-50 per barrel range. The Karachaganak project has been plagued by disputes for more than a decade. The latest disagreement dates back several years when Kazakhstan filed a claim against the majors for $1.6 billion. An energy ministry official said last year that the government had rejected a $1.1 billion offer from the consortium to settle. dr-cr/jbr/cdw
schema:headline	Kazakhstan says oil majors paid $1.3 bn to settle dispute
schema:mentions	Eni Lukoil Petroleum reservoir Royal Dutch Shell Chevron Corporation Kazakhstan Barrel Asia Italy Karachaganak Field Natural-gas condensate KazMunayGas Energy industry CDW
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-12-14 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	57 (xsd:integer)

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