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Kazakhstan to exempt Caspian oil exports from customs duties

Economy Materials 15 October 2021 16:37 (UTC +04:00)
Kazakhstan to exempt Caspian oil exports from customs duties

BAKU, Azerbaijan, Oct. 15

Trend:

Kazakhstan will exempt the export of oil from the Caspian fields from export customs duties, Trend reports referring to the government's decree.

Export of crude oil is not subject to export customs duties in the following cases:

- from January 1, 2027 to December 31, 2031, inclusive, with an average monthly oil price below $95 per barrel;

- from January 1, 2032 to December 31, 2036, inclusive, with an average monthly oil price below $100 per barrel;

- from January 1, 2037 to December 31, 2041, inclusive, with an average monthly oil price below $105 per barrel;

- from January 1, 2042, with an average monthly oil price below $110 per barrel.

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