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Monday, October 26, 2026Updated 23:19 UTC

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Kazakhstan Faces $12 Billion Oil Setback as New Investment Plans Take Shape

Source: OilPrice.com · Oct 26, 2026 17:00 UTC

Interstate 69 running through suburban Fishers, Indiana, from the air — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

Kazakhstan had reason to cheer after receiving a commitment from the International Finance Corporation to help develop infrastructure projects worth $3 billion. But that happy foreign investment news was offset by an international arbitration court’s decision to throw out $12 billion in Kazakh claims against Western oil giants in a dispute over the development of the Kashagan oil field. The IFC, t

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