Middle East Economic Survey

VOL. LIV

No 41

10-Oct-2011

CASPIAN

Kazakhstan Adamant On KPO Tax, Kashagan 2 Indecision Persists

Kazakh Minister of Oil and Gas Sauat Mynbayev told delegates at the KazEnergy Forum in Astana on 4 October that the government was adamant regarding its demand for taxes amounting to $1bn from the Karachaganak Petroleum Operating (KPO) consortium. In August 2010 KPO had proposed a deal according to which state firm KazMunaiGaz (KMG) would receive up to 10% of KPO...