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Kazakhstan receives $6,43 bln oil export duties in Jan.- Nov.

Business Materials 19 November 2011 14:11 (UTC +04:00)

Azerbaijan, Baku, Nov. 19 /Trend E. Kosolapova/

Kazakhstan's budget received 387 billion tenge (roughly $2.61 billion) through oil export duties since early 2011, Kazinform reported with reference to the Kazakh Deputy Finance Minister Ruslan Dalenov.

"The budget received 387 billion tenge through crude oil export duties as of Nov.17. And 565 billion tenge [roughly $3,81 billion] more from rent tax on oil exports was sent to the National Fund," Dalenov wrote in his Twitter blog.

Oil export duties in Kazakhstan were introduced in mid-August 2010.

The government decree set export duties on light oil at $143.54 per ton and on black oil at $95.69 per ton since Sept.27.

Crude oil export duties hit $40 per ton.

The official rate of tenge is 148.02 tenge to $1 on Nov. 19.

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