Tengizshevroil and the PSA Participants are Exempt from the Mineral Extraction Tax in Kazakhstan

摘要

Joint venture Tengizshevroil (TSO, developer of the Tengiz and Korolevskoye oil and gas fields in Atyrausky region of Kazakhstan) and companies operating within the framework of the Production Sharing Agreement (PSA), according to the new Tax Code Drafts will not pay the Mineral Extraction Tax.