Middle East Economic Survey
Nazarbayev Signs New Offshore Law
Kazakh President Nursultan Nazarbayev has signed a new law on production-sharing agreements (PSAs) for offshore Caspian Sea and Aral Sea operations, Russias Interfax news agency reported on 12 July. The law will regulate legal relations pertaining to the provision of rights to carry out offshore oil operations. Under the law, parties to a PSA are able to change the agreement if legislative acts in...