Country report

Kazakhstan upstream fiscal summary

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Report summary

Most contracts with foreign investors in Kazakhstan are currently governed by Concession (royalty/tax) terms. Vehicles for Concession operations include Kazakh joint stock companies (JSC) limited liability companies and general or limited partnerships. The latest model Concession terms took effect in January 2009. Typically the State will have a minimum of 50% interest in offshore contracts; the state interest varies for onshore projects and ranges from zero to 100%. Royalty (called...

What's included

This report contains

  • Document

    Kazakhstan upstream fiscal summary

    PDF 395.80 KB

Table of contents

  • Executive summary
  • Current licence, equity and fiscal terms
  • Fiscal stability
  • Economic analysis

Tables and charts

This report includes 27 images and tables including:

Images

  • Revenue flowchart: Kazakhstan Concession
  • Timeline
  • Split of the barrel - oil
  • Economic analysis: Image 2
  • Economic analysis: Image 3
  • Economic analysis: Image 4
  • State share versus pre-share IRR - oil
  • State share versus pre-share IRR - gas
  • Economic analysis: Image 7
  • Investor IRR versus pre-share IRR - gas
  • Oil MET rates
  • Oil export customs duty
  • Rent tax on export
  • Excess profit tax

Tables

  • Timeline details
  • Effective royalty rate - onshore/shelf, Oil
  • Effective royalty rate - onshore/shelf, Gas
  • Maximum government share – onshore/shelf, oil
  • Maximum government share – onshore/shelf, gas
  • Bonuses, rentals and fees
  • Indirect taxes
  • MET rates
  • Oil export customs duty
  • Rent tax on export
  • Current licence, equity and fiscal terms: Table 6
  • Assumed terms by location - oil
  • Assumed terms by location - gas

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