| Oil fields critical to Kazakhstan |
IT WAS ONE of the worst rows in the seemingly never-ending series of spats between the government of Kazakhstan and the small band of foreign multinationals that invest in the country.
In November 2002 TengizChevroil (TCO) stopped production at the Tengiz oil field in north-western Kazakhstan, the republic’s biggest, after a row broke out over how to fund the next stage of development. Until recently proceeds from exporting production through a ragtag collection of trains, tankers and swap deals has financed development.
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