HUNN.KZ

Sign in Subscribe

NCOC

Recovery of the fine from the Kashagan operator has been suspended — but not cancelled

Recovery of the fine from the Kashagan operator has been suspended — but not cancelled

Kazakhstan's Justice Ministry explained the suspension of enforcement proceedings to recover 2.3 trillion tenge from NCOC, the Kashagan operator, saying it does not mean the state is dropping the claim.

NCOC assets seized — Kashagan fine collection moves from paper to practice

NCOC assets seized — Kashagan fine collection moves from paper to practice

The standoff over the environmental fine for Kashagan's operator enters a new, far more concrete phase.

Kazakhstan begins forced recovery of $5 billion from Kashagan operator despite arbitration ban

Kazakhstan begins forced recovery of $5 billion from Kashagan operator despite arbitration ban

On July 21, 2026, the Ministry of Justice initiated enforcement proceedings: the claimant is the state, the debtor is NCOC, the amount is 2.3 trillion tenge (~$5 billion). The case has been entered into the Unified Debtors Register.