1. Main
  2. Learn
  3. Politics
  4. Laws, Initiatives

Kazakhstan thinking of reducing crude export duty rate04 февраля 2015, 09:49

Photo courtesy of uzdunyo.keo.su Photo courtesy of uzdunyo.keo.su

Kazakhstan is thinking of reducing crude export duty rate, the country’s Minister of National Economy Yerbolat Dossayev told journalists February 3.

“The current export duty rate was appropriate given earlier prices for crude. We are thinking of reducing the export duty rate (…) We have almost completed consultations with the Energy Ministry to ensure a certain profitability for oil producing companies and maintain a certain level of revenues into the country’s budget”, Mr. Dossayev said.

Starting from April 1, 2014 the crude export duty rate had been raised from $60 to $80 per ton of crude.

Nobel prizewinner proposes a new city in KZ
New abnormal snowfalls expected in Kazakhstan
Huge glacier retreat triggered in 1940s
Hyperloop construction begins in Las Vegas
"Moonlight" to top Spirit Awards nominations
Oil prices fall due to investors uncertainty
New dwarf galaxy discovered around Milky Way
Kanat Islam becomes a top ten WBO boxer
World oil prices continue to rise
Kazakhstan expects warming - Kazhydromet
Merkel to seek fourth term as chancellor
Sale of Tintin drawings set to break records
US, EU stocks fall as markets focus on dollar
Pacific leaders urged to defend free trade
EU warns eight nations on budget deficit
Universiade-2017: Athletic Village is ready
Bob Dylan can't make Nobel ceremony
Messi will never leave Barca - club president
Google, Facebook take aim at 'fake' news
Aerosmith announces Europe 'farewell' tour
Putin, Trump to normalise US-Russia ties
At least 10 hurt in southern Turkey blast
6.2 quake hits western Japan