Kazakhstan Increases Oil Export Duties by 16.2%

Kazakhstan has increased the rate of its customs duties on the export of oil products by 16.2%, but has not changed the duties on crude oil, the government said in a statement on July 28, 2011.

According to the directive published by the government, customs duties for the export of light oil will be $114.05 per ton and oil products will be set at $76.03 per ton. Crude oil export duties will remain at the present $40 per ton.

Customs export duties presently stand at $98.13 per ton for light oil products and $65.42 per ton for oil products.

The new customs duties will come into effect after August 7.