Kazakhtan to hike oil export duty in October

Weather

Kazakhstan’s government announced on Thursday it will increase the customs duty on oil exports by 85% to $203.8 per metric ton on October 13.

Oil export duty has been at $109.9 per ton since May 17, based on an oil price of $714 per ton (around $97 per barrel). The government said the move would ensure stable supplies to Kazakh oil refineries and yield over $1 billion in revenue to the national budget.

The oil-rich ex-Soviet republic last year produced 62.7 million tons (460.84 million bbl) of crude. (rian.ru)

ADVERTISEMENT

Bourse Turnover Reaches HUF 181 bln in November Figures

Bourse Turnover Reaches HUF 181 bln in November

India's G20 Presidency, Dawn of New Multilateralism - Narend... World

India's G20 Presidency, Dawn of New Multilateralism - Narend...

Production Resumes at Ganz's Szolnok Plant Manufacturing

Production Resumes at Ganz's Szolnok Plant

TikTok Commits to Improved Consumer Communication in Hungary Social

TikTok Commits to Improved Consumer Communication in Hungary

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.