U.S. special envoy: Tengizchevroil and Kazakhstan should find compromise on charges of illegal oil production
Azerbaijan, Baku, July 28 /Trend, S.Suleymanov/
The Kazakh side understood U.S. concerns over the situation around Tengizchevroil (TCO), U.S. Special Envoy for Eurasian Energy, Richard Morningstar, said in Astana on July 28.
Kazakhstan's financial police launched a criminal case on illegal oil production of Tengizchevroil.
"During my current visit to Astana, we have discussed this issue. And the representatives of the Kazakh government understand the concerns of both the company and our concerns. But I am convinced that everything will be resolved, as was before," said Morningstar.
He said that the position of TCO is that "the company believes that its work complies with the requirements."
"U.S. companies operating in Kazakhstan should operate in accordance with the laws of the country where they are and also in accordance with the laws of their country. Chevron is a company that has a positive reputation in the government of Kazakhstan. We came to the conclusion that all should be resolved through negotiations, taking into account that each side must have positive position," said U.S. ambassador to Kazakhstan Richard Houngland.
"I fully join ambassador's words," said Morningstar.
Kazakhstan's financial police filed a criminal case against the Tengizchevroil Company on the illegal production of oil amounting to 212.4 billion tenge (about $1.5 billion).