Key facts: KazMunayGaz raises oil output forecast; Shell loses arbitration
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KazMunayGaz has boosted its 2025 production forecast for the Kashagan oilfield, where Shell operates, from 17.8 million to 18.25 million metric tons, and for Karachaganak from 11.14 to 11.2 million.1Shell lost an arbitration case with Venture Global over LNG contracts, unable to prove a breach, while BP secured a favorable ruling in a similar dispute.2Oman LNG renewed multi-year sales deals with Shell on November 2, 2025, boosting cash flow and reinforcing Oman's position as a dependable energy supplier.3
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