Kazakhstan discloses measures to support oil & gas industry in 2020

Kazakhstan discloses measures to support oil & gas industry in 2020

BAKU, Azerbaijan, Jan. 14

By Nargiz Sadikhova – Trend:

Kazakhstan implemented a number of support measures for the country's oil and gas industry in 2020, taking into account the COVID-19 pandemic, a source in the Ministry of Energy told Trend.

According to the source, at a meeting of the State Commission on Ensuring Emergency State, it was decided for energy-producing entities that use renewable energy sources (RES) and have valid purchase agreements with the settlement and financial center, to envisage an extension of the deadline for submitting a copy of the notice of the start of construction and installation work and (or) copies of the act of acceptance into operation of the facility for the use of RES for a period not exceeding one calendar year.

The source stressed that one of the negative consequences of the COVID-19 pandemic was the closure of borders, which also complicated the process of attracting foreign specialists to carry out construction and installation work.

Due to this, the dates of the start of the commissioning have shifted.

At the same time, currently, work is underway to establish the issuance of permits to foreign specialists and the supply of equipment with the Interdepartmental Commission for Preventing COVID-19 Infection Emergence and Spread in Kazakhstan and the authorized state bodies of the country.

1) Tax legislation provides for the following measures to maintain the financial and economic stability of subsoil users in the event of unfavorable conditions in the world oil market:

• Linking the rental tax to the oil price;

• Linking export customs duties to oil prices;

• Rate of mineral extraction tax for oil for fields classified as low-profit.

In addition, the source noted, a moratorium was introduced on preventive control of controlled entities and visits to subsoil users until the end of 2020 (with the exception of permits and unscheduled procedures) by authorized bodies in the fields of hydrocarbons and the production of petroleum products, as well as by the competent authority.

2) The Ministry of Energy was instructed to work out the possibility of postponing the deadlines for the fulfillment of contract and license obligations for applications from subsoil users for 2020, as well as work programs for subsequent years without the application of penalties.

3) To support domestic oil refining, the Government of Kazakhstan has taken a number of the following measures:

• cancelling the ban on the export of oil products by road outside of Kazakhstan;

• cancelling the ban on oil products outside the countries of the Customs Union;

• exempting producers of excisable goods for gasoline and diesel fuel, sold for export, from excise taxes;

• banning rail deliveries of gasoline and diesel fuel from the Russian Federation to Kazakhstan;

• zeroing the rates of export customs duties on petroleum products, including petrol, diesel fuel and fuel oil.

Subscribe to Trend in Google News! Subscribe
Number of flights from Iran’s Bushehr International Airport soars
Number of flights from Iran’s Bushehr International Airport soars
Passenger transportation via Iran's Abadan International Airport up
Passenger transportation via Iran's Abadan International Airport up
Visitor entrance through Georgian Batumi, Poti, Kulevi ports down
Visitor entrance through Georgian Batumi, Poti, Kulevi ports down
Loading Bars
Latest
Azerbaijan’s economy growing sustainably
Jordan army officer killed in shooting along border with Syria
Over 139 mln coronavirus vaccine shots given in Turkey to date
Iran's Energy Exchange announces products to be on sale on January 16
Azerbaijan is of great regional and global importance - American Jewish Committee
Azerbaijani Defense Ministry presents weekly review (VIDEO)
Georgia publishes COVID-19 data for January 16
National Bank of Georgia shares data on liabilities to non-residents
Kyrgyzstan logs 874 new COVID-19 cases
Iranian currency rates for January 16
Britain will no longer require COVID tests for fully vaccinated travellers
Argentina's COVID-19 tally surpasses 7,000,000
All synagogue hostages "out alive and safe" in U.S. Texas (UPDATE)
Russia, West are ‘on totally different tracks’ - Kremlin spokesman
Restoration work in liberated areas - foundation to Azerbaijan's further development
Philippines finalises deal to acquire missile system from India for $375 mn
Czech president opposes abuse of Olympic idea for political aims
Turkey confirms 63,967 daily COVID-19 cases
England opens COVID booster jab programme to 16- and 17-year olds
AICTE, 5ire partner to launch the world's biggest happiness blockchain
US hopes to continue security dialogue with Russia - Department of State
French 2021 budget deficit seen lower than expected at 7% of GDP -minister
Migrant caravan leaves Honduras en route to U.S.
Piyush Goyal suggests 5-point reform agenda for FCI
Omicron detected in Beijing as China battles COVID-19 clusters
UK seven-day COVID-19 infections down 33% on week before
Under pandemic cloud, 24k people to attend R-Day parade with protocols
Iran president eases COVID curbs as deaths fall
Covid-19 India highlights: India logs over 2.6 lakh cases, 402 deaths in a day
Apple to require employee proof of COVID-19 booster
Azerbaijan hands over one more citizen who got lost back to Armenia
Passenger vehicle dispatches slide 13% in December on chip shortage: SIAM
Israeli finance minister tests positive for coronavirus
We welcome beginning of Turkish-Armenian contacts - Deputy FM of Azerbaijan
Tsunami recorded in southwestern Japan, with waves of about 1.2 meters
20 attacks on healthcare facilities were committed during riots in Kazakhstan - Ministry of Health
CSTO peacekeepers will be withdrawn from Kazakhstan until January 19
10th century idol discovered in England, handed over to India
"Red level" of terrorist threat remains in three regions of Kazakhstan
Opening of Zangazur corridor to create new opportunities for region - Analysis
Representative delegation of Afghanistan arrived in Turkmenistan (PHOTO)
225 people die as result of riots in Kazakhstan
Azerbaijan to hold Technofest festival in 2022
Uzbekistan’s GDP grew by 7.4% in 2021 – President
Turkey eyes $35 billion in tourism revenues in 2022
Georgian Ministry of Health reduces quarantine period for fully vaccinated
Azerbaijan to hold auction for privatizing state properties
Baku Metro to receive four more new trains
Iran’s MOGPC could resume maximum crude oil extraction in short time
5.0-magnitude quake jolts eastern Iran
Iran’s Bahar Azadi gold coin price dips
IED found at Ghazipur flower market; defused, says report
Azerbaijan to hold Second Karabakh Economic Forum in 2022
Iran reveals COVID-19 data for January 15
World Bank continues digital development in Georgia
Turkmenistan considering purchasing road construction equipment from John Deere
Russia reports record high of 27,179 daily coronavirus cases since December 19
Georgia records drop in number of visitors from Turkmenistan
Azerbaijan shares data on number of vaccinated citizens
Azerbaijan confirms 710 more COVID-19 cases, 260 recoveries
Former vice-minister of energy of Kazakhstan detained
Russian Rosselkhoznadzor expands list of livestock product suppliers to Uzbek market
Turkish company to build hybrid power plant in Turkmenistan
LUKOIL Uzbekistan Operating LLC opens tender for examination of calculations of production
President of Kazakhstan instructs to reform national security systems
Azerbaijan's offshore wind energy potential 20 times higher than installed capacity – deputy minister
Azerbaijan, Turkey eye holding joint digital transformation forum in late 2022
Iran's Oil Minister talks about energy plans with neighboring countries
Turkmenistan begins second stage of Balkan-Dashoguz power line construction
Number of flights from Iran’s Bushehr International Airport soars
Facebook's VR Oculus business probed by U.S. states
India better positioned to navigate any financial turbulence: UN body
Maruti Suzuki hikes vehicle prices by 4.3% to offset rise in input costs
India Inc says 'Aatmanirbhar Bharat' schemes help revive economy: Deloitte
Azerbaijan-Ukraine agreement in food safety to eliminate barriers between two countries
Georgia sees increase in cheese imports
Azerbaijan's pensioners to start receiving increased pensions following indexation
Iran’s NIORDC, Bank Mellat sign contract on transportation of oil products
Turkmenistan to launch construction of glycyrrhizic acid production plant
Weekly review of Azerbaijan’s energy market
Uzbek Central Bank notes increase in total assets of microcredit organizations
Chinese company intends to develop bilateral cooperation with Uzbek association
President Ilham Aliyev receives delegation led by Chief Executive Officer of American Jewish Committee (PHOTO/VIDEO)
Iran could become helium gas exporter in future - NIOC
Georgian Water and Power LLC announces tender on renovation works procurement in Tbilisi
Caspian Sea has huge potential for wind energy – Azerbaijani Deputy Energy Minister (VIDEO)
Passenger transportation via Iran's Abadan International Airport up
Georgia publishes COVID-19 data for January 15
U.S. households can order 4 free COVID-19 tests starting Jan. 19 - White House
State Social Protection Fund of Azerbaijan records increase in revenues
Uzbekistan shares domestic COVID-19 data for January 14
Georgia sees increase in visitors from Uzbekistan
IDB and OPEC Fund to finance construction of three ships for Turkmen fleet
Azerbaijani oil prices increase
Iran FM officially announces beginning of implementation of Iran-China long term deal
Iran to start construction of Persian Gulf Bridge
Iran begins new round of economic ties with Syria
Kazakhstan Railways opens tender to buy uninterruptible power systems
SOCAR Georgia Gas announces tender on construction, repair materials purchase
Iranian currency rates for January 15
All news