Kazakhstan To Cut Crude And Fuel Oil Export Duties

November 2008 | Industry News

The government of Kazakhstan is considering cutting crude oil export tariffs by 34% in a move to boost the profit margins of domestic producers. Energy minister Sauat Mynbayev told a government meeting on November 10 that the Ministry of Industry and Trade had drawn up draft regulations to cut the export duty on crude oil from US$210 per tonne to US$139/tonne and reduce the fuel oil export duty from US$130/tonne to US$95/tonne. No details have been revealed as to when the new rates would come into effect.

If you would like to subscribe to Emerging Europe Oil and Gas Insight and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Emerging Europe Oil and Gas Insight please click on the trial link below.