Azerbaijan, Baku, August 13 / Trend S. Suleymanova /
Oil-producing companies operating in Kazakhstan think that some changes to the law on 'Transfer pricing' can lead to restriction of supply to several countries, KazEnergy General Manager Zhuldiz Zhumadilova said at a round table on "Practical use of amendments to the Act on 'Transfer pricing' in 2010".
"Quotation for oil is limited to five days. They are applied only to oil supplies by sea under FOB (Black and Baltic Seas). Such conditions may lead to changes in the traditional destinations of exports of goods and restrict the supply to individual countries - Iran, Uzbekistan, as well as via Druzhba pipeline to Germany, Poland, the Czech Republic and Slovakia ", she said.
Moreover, oil companies are puzzled that, in practice not all changes to the law on differentiated prices are confirmed by documents or officially recognized sources of information.
"Such moments lead to the variation of the transaction price from the market price. In this regard, companies dealing with mineral resources have proposed to expand the list of news agencies recognized as the official sources of information", Zhumadilova said.
It should be noted that the law 'Transfer pricing' was amended and supplemented in late June.
Meanwhile, KazEnergy association executive director Nurlan Utenov assured the representatives of oil companies during the "round table" that work on the improvement of the new amendments to the law 'Transfer pricing' will be continued.