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Article: Kazakhstan Puts 38 Firms On Export Tax Hit List.
- Article from:
- NEFTE Compass
- Article date:
- May 21, 2008
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The Kazakh government has published a list of 38 oil-producing enterprises that will have to pay the new export tariff of $109.90/ton ($15/bbl) that came into force on May 18.
The two noticeable absentees from the list are the top two Western-owned producers: the Chevron-led Tengizchevroil joint venture, which currently produces about 350,000 b/d of crude, and the BG-Eni-operated consortium developing the giant Karachaganak field. Under their long-term contracts with the government, both producers are exempt from any additional taxes.
Topping the list is Kazmunaigas Exploration Production (KMG EP), the London-listed affiliate of state Kazmunaigas. KMG ...