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Kazakhstan's oil export duty rises again

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04 April 2013

Kazakhstan's oil export duty rises again

Report summary

On 2 April 2013, the Kazakh Government announced a 50% increase to its Export Customs Duty rate for crude oil from US$40/tonne (US$5.44/bbl) to US$60/tonne (US$8.16/bbl). It was last increased in 2011, and there was an expectation that it could rise again. However, this week's announcement has been a surprise.

Table of contents

  • Kazakh oil companies are most affected
  • No impact on oil exports

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