Kazakhstan Amends Its Subsoil Resource Development Legal Regime; Related Changes Still to Come
Article from: OGEL 1 (2005), in Roundup of Articles
Introduction
Flush with new confidence in the world's expanding appetite for its hydrocarbon resources and in its own related growing economic strength, Kazakhstan has just introduced substantial amendments to its two basic laws (the Subsoil Law and the Petroleum Law) that govern all aspects of hydrocarbon and other mineral E&P development projects.[1] At the same time some notable adjustments have been made to the subsoil-use and other relevant sections of Kazakhstan's Tax Code. These changes appear to present a "mixed bag" - some tightening of the tax/royalty fiscal terms but also modest ...