Kazakhstan alleges Big Oil corruption tainted $10.7 billion in contracts, delayed key oil project
SS: The Kazakh government is claiming in a confidential arbitration that international oil giants awarded $10.7 billion in contracts at the Kashagan oil field which had been compromised by self-dealing or unjustified cost increases, or were won through bribery, multiple sources have told ICIJ.
At the heart of the claim are around a dozen contracts that the Kashagan consortium of oil companies had issued to a handful of international engineering and construction firms that built key parts of the Kazakh mega field during the 2000s.
u/ICIJ — 6 days ago