Kazakhstan: Title Confirmation to Oil & Gas Properties
Article from: OGEL 1 (2005), in Production Sharing Contracts
Introduction
Post-independence, Kazakhstan's oil and gas regime has proceeded sequentially through five distinct legal regimes. Each is referred to in this paper as a "Period". In confirming title to any oil and gas property it is critical to first identify the relevant Period in which the license was originally issued. Moreover, given Kazakhstan's broad adherence to the principle of legal stabilization, the regime in place at the time a license was issued continues to govern most investor-sovereign relations. This paper is a guide for the practitioner to determine, for any given exploration ...