Kazakhstan reduces oil export duty

This report is currently unavailable

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.

- Available as part of a subscription
- FAQ's about online orders

19 March 2015

Kazakhstan reduces oil export duty

Report summary

On 19th March 2015, the Kazakh government published amendments to export duty rates, with immediate effect. The oil export duty rate has been reduced from US$80/tonne to US$60/tonne. We estimate  state revenue will fall by over US$700 million in 2015. We estimate NPV10 of seven companies – Chevron, KazMunaiGas, ExxonMobil, KazMunaiGas E&P, CNPC, PetroChina and LUKOIL – will increase by  a total of US$5.6 billion. Tengiz is the largest project affected by the export duty change.

Table of contents

  • No table of contents specified

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    Kazakhstan reduces oil export duty

    PDF 969.90 KB