Kazakhstan Suspends Collection of 2.3 Trillion Tenge Environmental Fine from NCOC
Summary
Kazakhstan has suspended the collection of a 2.3 trillion tenge environmental penalty from the NCOC consortium.
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Kazakhstan has suspended the enforcement and collection of a 2.3 trillion tenge environmental fine previously imposed on North Caspian Operating Company (NCOC).
The multi-trillion tenge penalty was related to environmental compliance claims against the major oil consortium. The current measure halts the active recovery process of these funds.
Source: Forbes Kazakhstan
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