Middle East Economic Survey

VOL. LIII

No 27

5-Jul-2010

CASPIAN

Kazakhstan Introduces New Subsoil Law, Enhancing State Leverage

Kazakhstans President Nursultan Nazarbayev on 24 June signed into law new petroleum legislation that has been debated by both houses of parliament for almost two years. The new law On Subsoil and Subsoil Use replaces both a 1995 Law on Petroleum and similar regulations enacted in 1996 under the same name. Kazakh Minister of Oil and Gas Sauat Mynbayev says the bill seeks to...