Moldovan businessman Anatolie Stati will ask courts to sell US$5.2 billion worth of a stake in Kazakhstan’s biggest oil field, Kashagan, held by a Kazakh sovereign wealth fund if Kazakhstan continues to refuse to pay an arbitration award of US$500 million, a spokeswoman for Stati told Reuters on Tuesday. Stati and his son Gabriel Stati, along with two companies owned by them, have been embroiled in lawsuits with Kazakhstan after the Statis initiated a legal dispute , claiming that they have been subjected to harassment by the state of Kazakhstan over their investment in two oil and gas fields in the country. The claimants said the ultimate goal of the harassment was to force them to sell their assets cheaply. The investors have refused to sell their oil assets to Kazakhstan, and instead found an external buyer, but the deal never took place because the state took over the […]