NCOC loses appeal over sulphur storage fine
A consortium of major oil companies lost another court appeal in Kazakhstan over an environmental fine of approximately $5 billion related to the storage of excessive amounts of sulphur, according to a court ruling on April 8th. The penalty was levied against the North Caspian Operating Co. (NCOC), operator of the giant Kashagan oil field, for allegedly violating environmental regulations by stockpiling sulphur.
