New Kazakh oil export duty tax to exclude Western producers
16-05-08 The government of Kazakhstan unveiled a preliminary list of companies subject to a new oil export duty which, as expected, does not include any Western producers. Kazakhstan will introduce the duty, set at $ 109.91 per ton at the current global price level, from 18 May.
The government has said Western oil companies operating under production sharing agreements would be exempt from the new levy.
London-listed KazMunaiGaz Exploration & Production tops the list of 38 companies published on the Finance Ministry website. The list also includes Kazakhturkmunai and Kazakhoil Aktobe, two companies in which KazMunaiGaz was seeking to buy stakes, and London-listed Zhaikmunai.
PetroKazakhstan, controlled by China's China National Petroleum Corporation, is on the list as well, but with exemptions for two contracts.
Source: www.upstreamonline.com