Middle East Economic Survey

VOL. LI

No 46

17-Nov-2008

CASPIAN

Kazakhstan To Slash Oil Export Tax

Kazakhstans Minister of Petroleum and Mineral Resources Sauat Mynbayev told reporters on 10 November that, in response to the steep decline in world oil prices, the government had decided to reverse its former decision to raise the oil export duty by 85% to $203.80/ton effective as of 1 October. Now, Mr Mynbayev said, the Ministry of Industry and Trade has already drawn up draft regulations, which...