Zhaikmunai charged over illegal exports to Finland

July 26. Interfax-Kazakhstan

Zhaikmunai charged over illegal exports to FinlandThe administration of a Kazakh oil company Zhaikmunai has been charged over illegal oil exports to Finland, the Western Regional Transport Prosecutor’s Office said in a statement.

According to the source, the Ural Transport Prosecutor’s Office found that Zhaikmunai had exported 31 849 tons of crude oil to Finland in the period from 1 January to 18 February 2009 despite that the company received a state license to carry out the activity only on 19 February 2009.

“In accordance with the expert opinion, LLP Zhaikmunai received 730 million tenge from the oil exports before receiving the license,” reads the report.

Thus in May 2010, the local authorities brought charges against Zhaikmunai over illegal business practices.

Zhaikmunai is an independent oil and gas company currently engaging in the exploration, production and sale of crude oil and gas condensate in northwestern Kazakhstan. Zhaikmunai’s operational facilities are located in Chinarevskoye Field in the northern part of the oil-rich Precaspian basin in northwestern Kazakhstan.