Shell (SHEL), Eni (E) and their partners at the Karachaganak oil field in Kazakhstan lost an international arbitration case and face compensation payments to the government of as much as $4 billion, Bloomberg reported Monday, citing people familiar with the matter.
Shell and Eni didn't immediately reply to requests for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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