Kazakhstan


Oil majors running Kazakh Kashagan field file arbitration over $4.6 billion fine
Shell, TotalEnergies, Eni, Exxon and other shareholders in Kazakhstan's Kashagan oilfield have filed an arbitration claim against a 2023 environmental fine worth around $4.6 billion
Kazakhstan wins arbitration case, escapes $34-billion claim
The Permanent Court of Arbitration in the Hague has sided with Kazakhstan in a case brought by a Kyrgyz entrepreneur claiming over $34 billion in damages. Instead, the businessman, Yevgeny Belavin, now must pay all of Kazakhstan’s substantial legal fees, as well as court costs.
Kazakh Senate signs off on investment protection deal with Turkmenistan
The Senate of Kazakhstan has ratified the Agreement on the Promotion and Mutual Protection of Investments with Turkmenistan, aimed at creating predictable and secure conditions for investors of both countries.
Estonian glass facade manufacturer Windoor prevails in ICSID arbitration against Kazakhstan
The ICSID Tribunal has ruled in favour of one of Estonia’s largest glass and aluminium facade manufacturers, Windoor, in its dispute against the Republic of Kazakhstan.
Kazakhstan ratifies investment protection agreement with Kyrgyzstan
The lower house of Kazakhstan's parliament has approved the law on ratifying the agreement between Kazakhstan and Kyrgyzstan on encouragement and mutual protection of investments.
British oil company files lawsuit against Kazakhstan
British oil and gas company Victoria Oil & Gas has filed a lawsuit against Kazakhstan, citing provisions under the Energy Charter Treaty.
Kazakhstan revokes $54.5M arbitration award to Canadian junior
Kazakhstan has overturned a $54.5 million arbitral award previously granted to World Wide Minerals Ltd., a Canadian junior miner, in relation to a terminated uranium processing project.
Kazakh President inks law on free trade between EAEU and Singapore
Since the agreement comes into force, Singapore is to rescind all the existing tariffs on imports and will be obliged not to apply tariff and non-tariff trade restrictions.
Thailand ready to start free trade negotiations with EAEU
Thailand is ready to start negotiations on concluding a free trade agreement (FTA) with the Eurasian Economic Union (EAEU).
US-Central Asia TIFA signatories agreed to expand trade, economic and investment cooperation
Prospects to diversify trade and expand investment cooperation were discussed by the representatives of the six countries – Kazakhstan, the US, Uzbekistan, Kyrgyzstan, Turkmenistan and Tajikistan – within TIFA.