September 26, 2019 / 8:45 AM / 24 days ago

Kazakhstan, Russia agree dirty oil compensation -Kazakh minister

NUR-SULTAN, Sept 26 (Reuters) - Kazakhstan and Russia have agreed on compensation of $15 per barrel for the contamination of Kazakh crude shipped through the pipelines of Russia’s Transneft, Kazakh Energy Minister Kanat Bozumbayev told Reuters on Thursday.

The Central Asian nation aims to produce 90 million tonnes of oil next year with no maintenance breaks at its major fields, Bozumbayev said at an energy conference.

Kazakhstan does not rule out that its long-running dispute with the foreign shareholders in the Karachaganak project will be settled out of court, Bozumbayev added. (Reporting by Mariya Gordeyeva and Alla Afanasyeva; writing by Olzhas Auyezov; editing by Jason Neely)

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