Money Talks

The Moscow Times
Thursday, April 5, 2007. Issue 3630. Page 5.

Kazakhs Drop Chevron Tengiz Probe
Reuters

ASTANA, Kazakhstan — Kazakhstan’s Ecology Ministry said Wednesday that it had dropped claims against the Chevron-led firms operating a large oil field after the group pledged $300 million per year for environmental protection.

TengizChevroil, or TCO, produces one-fifth of the country’s oil output from the huge Tengiz oil field in western Kazakhstan but has periodically faced accusations from the government over its environmental record. ([1] Full Story — requires subscription; more on [2] Chevron Tengiz oil field)
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asia.yahoo.com
Wednesday April 4, 11:47 PM

Kazakh ecology ministry drops Chevron Tengiz probe

ASTANA, April 4 (Reuters) - Kazakhstan’s Ecology Ministry said on Wednesday it had dropped claims against the Chevron-led firms operating a large oilfield after the group pledged up to $300 million a year for environmental protection….

Iskakov said the ministry’s change of heart came after pledges of increased environmental spending from TCO.

“Our complaint is that for every tonne of oil that they produce they spend just 1.3 tenge (1 U.S. cent),” he said. ([3] Full Story; more on [4] Chevron Tengiz oil field)