Crude Accountability’s new report “Kashagan oil bubble”. The report examines the main causes of failure of development of the giant Kashagan oil field, the main image of the project in Kazakhstan.
The report shows that the movement of ships icebreakers the company Agip is one of the main reasons of mass death of seals. Court consortium pressure seals on the ice of the Caspian sea in the most vulnerable period of their lives when the light appear young. The death of Caspian seals occurred prior to the development of Kashagan, but it was not so frequent. Scientists estimate that during the icebreaking fleet of the consortium killed about 5 thousand seals, and it is essential for a population numbering about 90 thousand individuals. A significant contribution to the extermination of the seals made, and poachers. Such a sharp decline in the population led to the fact that since October 2008, the status of the seals has been changed from the category of “vulnerable” to “endangered of extinction” in the red book of the International Union for conservation of nature”
The report analyses the politico-economic reasons of development of the Kazakhstan part of the Caspian sea in the period of independence. The focus is on the history of the development of one of the world’s largest oil fields, Kashagan. One of the main projects of Kazakhstan has become not only an international leader in inflating estimates, blunders and scandals, but one of the reasons for the failure of the economic strategy of the country designed for the rich hydrocarbon resources of the Caspian shelf. The story of Kashagan is a result of the geopolitical games of “big oil” in the Caspian and inflate the oil bubble in the world market. In the end, the sovereign Kazakhstan has become a hostage of the oil industry and the development of such difficult deposits as Kashagan, can result in serious economic losses for the country and cause a regional ecological catastrophe.