21.02.2008, 12:24 2408

Kazakhstan to reject production sharing agreements upon signing new subsoil use contracts - Masimov

Kazakhstan intends to reject production sharing agreements upon signing new subsoil use contracts. The Prime Minister Karim Masimov said today during the forum of tax bodies' officials of Kazakhsta, the agency reports.

Astana. February 21. Kazakhstan Today - Kazakhstan intends to reject production sharing agreements upon signing new subsoil use contracts. The Prime Minister Karim Masimov said today during the forum of tax bodies' officials of Kazakhsta, the agency reports.

"Taxes should be increased and the order of payment of taxes should be reconsidered. In particular, it is necessary to work over the issue of exclusion of production sharing agreements upon conclusion of new subsoil use contracts," K. Masimov said.

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