ASTANA, Kazakhstan (Dow Jones)--Kazakh President Nursultan Nazarbayev said Friday his country wasn't seeking to change the operator of a consortium developing the giant Kashagan oil field in a dispute over rising costs and delays in production.
Nazarbayev told reporters in the Kazakh capital Astana his government wanted compensation or an increased stake in Kashagan to resolve the ongoing dispute with the consortium led by Italy's Eni SpA (E).
"Everything is going normally so far," Nazarbayev said. "Most members of the consortium have agreed to our demands."