(bne) – On the heels of news that KazMunaiGas has signed off on the deal to increase its stake in the Kashagan project come reports Kazakhstan is close to striking a deal over the Karachaganak venture, under which the international consortium developing it would avoid export duties in return for handing over a stake.

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Chevron says Kazakhstan exempted venture from oil export duty
(Bloomberg) – Chevron Corp.’s venture in Kazakhstan said the government granted it an exemption to a new duty on oil exports more than a month before the tax came into effect.

Arawak Energy issues additional share on LSE (SRI)

Costs and losses rise at Max Petroleum (ShareCast)