Reuters AlertNet Lite - EU confident of solution over Kazakhstan oilfield

Reuters AlertNet Full site

NEWSDESK

EU confident of solution over Kazakhstan oilfield

06 Sep 2007 08:34:34 GMT
Source: Reuters

BRUSSELS, Sept 6 (Reuters) - The European Union's executive arm is confident there will be a negotiated solution between Kazakhstan and Western oil companies over a row concerning an oilfield, the European Commission said on Thursday.

Kazakhstan warned an Eni-led <ENI.MI> consortium of Western oil majors the Kazakh state oil company could take a greater role in the Kashagan oilfield following a row over the project's delays and cost overruns.

A spokesman for Energy Commissioner Andris Piebalgs said the EU's energy chief had visited the field and witnessed the "strict" environmental measures that Eni had taken.

He said Piebalgs was surprised about the government's environmental concerns but was confident that good relations between the European Union and Kazakhstan would help lead to a solution.

"He is confident there will be a negotiated solution," said Ferran Tarradellas Espuny. "We are following the situation very closely."

AlertNet news is provided by

Email this article Send comments

Countries

Small country map
© 2004 Europa Technologies Ltd.

Reset map

• Kazakhstan profile
· View map

MORE >>

NGO latest

• Christian Aid plans to double volunteer teacher network
Christian Aid - UK

• CWS Appeal: Summer 2007 U.S. flooding (broadened response)
CWS

• Hurricane Katrina anniversary: Two years of rebuilding lives
Medical Teams International - USA

• The UMCOR Hotline for August 29, 2007
UMCOR - USA

• Two years and counting, Katrina struggles continue
CWS

MORE >>

Latest news

• EU confident of solution over Kazakhstan oilfield

• FACTBOX-Leading uranium firms and scientists meet in London

• Russian rocket carrying telecoms satellite crashes

• This is your city -- how will you power it?

• FACTBOX-Security developments in Iraq, Sept 6

MORE >>

Last updated:Thu Sep 6 08:35:53 2007