Kazakhstan to double oil export duty.

By bne IntelliNews September 1, 2010
According to the FinMin Bolat Zhamishev, crude oil export duty in 2011 will be increased twice. The government plans to raise duty to USD 40 per tonne form USD 20 providing the most substantial contribution to the Kazakhstan budget revenue in 2011. The country abolished an export duty on oil in January 2009 to help producers to endure global financial crisis, then it was reintroduced at USD 10 per tonne in July of 2010. Minister Zhamishev added that the Chevron-led Tengizchevroil consortium as well as Karachaganak Petroleum Operating Group, will be obliged to contribute in the export duty.

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