EFTA Document EFTA01367365
31 May 2015 Integrated Oil US Integrated Oils Caspian Sea, ex Russia Production from the Caspian Sea is largely concentrated around a few mega projects in Kazakhstan and Azerbaijan (with smaller contributions from Turkmenistan and Uzbekistan). The recent reduction (25%) in the Kazakhstan oil export duty this past March was not much of a surprise as the government had announced its intention to reduce rates in response to the lower oil price environment earlier this year. With the drop
Summary
31 May 2015 Integrated Oil US Integrated Oils Caspian Sea, ex Russia Production from the Caspian Sea is largely concentrated around a few mega projects in Kazakhstan and Azerbaijan (with smaller contributions from Turkmenistan and Uzbekistan). The recent reduction (25%) in the Kazakhstan oil export duty this past March was not much of a surprise as the government had announced its intention to reduce rates in response to the lower oil price environment earlier this year. With the drop
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