27.01.2010, 11:46 2863

Bill providing exclusive right to extraction of deposits brought to Parliament

Subsoil users of Kazakhstan, who have discovered an oil deposit, will have the priority right to its extraction. The bill on subsoil resources and subsoil use was brought by the Department of Energy and Mineral Resources of Kazakhstan to Majilis of Parliament of Kazakhstan and considered at the session of the Committee for Ecology and Wildlife on Tuesday, the agency reports.

Astana. January 27. Kazakhstan Today - Subsoil users of Kazakhstan, who have discovered an oil deposit, will have the priority right to its extraction. The bill on subsoil resources and subsoil use was brought by the Department of Energy and Mineral Resources of Kazakhstan to Majilis of Parliament of Kazakhstan and considered at the session of the Committee for Ecology and Wildlife on Tuesday, the agency reports.

In particular, the new version of item 1, article 58, has been passed, according to which a subsoil user, who discovered and assessed the deposit, according to the exploration contract, will have the exclusive right to signing the extraction contract without participation in the tender, on the basis of direct negotiations.

"The conditions of signing the extraction contract should be defined by the competent body and a subsoil user not to admit infringement of the interests of the contractor."

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