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Curtis Mallet Aids Kazakh Government Get $1 Billion Stake in Oil Field

published December 15, 2011

By Author - LawCrossing
Published By
( 4 votes, average: 5 out of 5)
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12/15/11

Curtis Mallet Aids Kazakh Government Get $1 Billion Stake in Oil Field


The Kazakh government used the services of its longtime outside counsel of Curtis, Mallet-Prevost, Colt & Mosle to gain a stake in the country's second-largest oil field. The Kazakh government was in a legal battle for over two years with an international consortium of energy giants over the Karachaganak Petroleum Operating project. Under the new deal, the Kazakh government will now own 10 percent of the project. This will be done by reducing the stakes of the four energy companies currently owning the project. In recent years the Kazakh government has increasingly turned to high-priced law firms to reestablish its control over its natural resources which some feel where given away at throwaway prices after the collapse of the Soviet Union.

published December 15, 2011

By Author - LawCrossing
( 4 votes, average: 5 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.

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