Press office of KazMunaiGas Exploration and Development reported that because of low oil prices, the company has requested a reduction of tax on extraction of mineral resources from the Ozenmunaigas field in 2016.
Ozenmunaigas will have no losses with the oil price of about $65.00 per barrel and it has requested the Ministry of National Economy to consider “the contract for development of Uzen and Karamandybas fields as low profitable ones to get a tax reduction in 2016.”
In autumn 2015 the government said that it is going to reduce tax for low profitable and unprofitable hydrocarbon fields. The reduced tax will be 0.65% against the previous 13% rate.
The www.Total.kaz portal reported that the company spent over 500 million tenge for summer vacations of children of employees of Ozenmunaigas. The children were on vacation in Kazakhstan and abroad.
