Nursultan Nazarbayev has signed amended the law on the delimitation of the northern part of the Capsian Sea in order to exercise sovereign rights for subsoil use in the Protocol to the agreement between Kazakhstan and Russia. The document contains provisions related to the ‘Central’ geological structure. It should be noted, the company was created jointly by Kazakhstan and Russia for the development of this field. This law grants the right on subsoil use for exploration and mining operation without an auction for 25 years, with geological exploration stage for seven years, as well as using of a general taxation regimen. 

 

Photo:112.ua

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