Kazakhstan Enacts PSA Law: Summary Analysis of Its Terms
Article from: OGEL 3 (2005), in Production Sharing Contracts
Introduction
Kazakhstan's long-awaited PSA Law (the "Law of the Republic of Kazakhstan on Agreements (Contracts) on Production Sharing for Petroleum Operations on the Sea" - referred to below as the "PSA Law" or simply the "Law") has now been enacted and will very shortly be in effect, with its signature by the President on July 9, 2005 and impending official publication.[1] This Law is Kazakhstan's first dedicated exclusively to production sharing agreements, although some PSAs already have been signed and are in operation (e.g., Karachaganak and Kashagan from the 1990s, and the ...