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8/27/07

RIA Novosti - Kazakhstan suspends Italy's Eni's operation at major oil field

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Kazakhstan suspends Italy's Eni's operation at major oil field

The government of Kazakhstan has suspended for three months a license held by Italy's Eni to develop the country's largest oil field on the Caspian shelf, the Kazakh environment minister said Monday. "We have suspended the license for the Kashagan oil deposit for three months and applied to the Energy Ministry with a request to take effective measures as an authorized body in contractual conditions," Nurlan Iskakov said.

Last week, the Kazakh Ministry of Environmental Protection said the operations by the Italian oil and gas giant Eni, engaged in the development of the country's largest Kashagan deposit, could cause disastrous changes in the environment and destroy the local flora and fauna.

The Italian newspaper La Stampa reported Friday that Italy's prime minister

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