Kazakhstan doubles Tax on Oil Exports to increase Revenue from Crude Sales
06.01.2011
By Nariman Gizitdinov
Kazakhstan doubled the tax it imposes on oil exports to $40 a metric ton ($5.46 a barrel), effective Jan. 1, as the Central Asian state seeks a larger share of revenue from sales of crude.
Kazakhstan, which accounted for 2 percent of the world’s oil production in 2009...