Middle East Economic Survey

VOL. LIII

No 5

1-Feb-2010

CASPIAN

Kazakhstan Considers New Tax Legislation With Changes For Main PSAs

International oil companies (IOCs) holding shares in consortia with production sharing agreements (PSAs) in Kazakhstan could find themselves facing a new set of financial criteria in the years ahead, if Astana proceeds to introduce new legislation that would remove those consortias immunity from changes in tax laws and customs charges. The tax move comes...