Max Petroleum’s bank accounts in Kazakhstan will be suspended due to non-payment of taxes and its export sales have been stopped as the debt-laden operator battles to secure funds. The Kazakhstan-focused player needs at least US $6.5m to stay afloat until it completes talks to restructure its debt and secure financing. Max, whose shares were suspended from trading by the London Stock Exchange on 2 March, said talks with Sberbank and AGR Energy could still give it the refinancing it needs.
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