Middle East Economic Survey

VOL. LIII

No 36

6-Sep-2010

CASPIAN

Kazakhstan To Double Oil Export Duties To $40/Ton For 2011

Kazakhstans Minister of Finance Bolat Zhamishev told a cabinet meeting on 1 September that the government will double its crude oil export duty to $40/ton beginning 1 January 2011 in order to increase its budget revenue flow. He said the increase constituted the most significant budget revenue planned [for 2011].

Kazakhstan initially applied an extraordinary emergency oil...