Profitability of oil branch of Kazakhstan after introduction of new Tax Code to be 20 - 25 % - Ergozhin 25.07.2008 | 18:36

Astana. July 25. Kazakhstan Today - Profitability of oil branch of Kazakhstan after introduction of the new Tax Code will be 20 - 25 %. Vice Minister of Finance of Kazakhstan, Daulet Ergozhin, said in the interview to journalists, the agency reports. "The level of profitability of oil industry will be 20 - 25 %," D. Ergozhin informed. "We have petroleum experts who state: "we should have 50 % of profitability," but it is not a casino," he said. "We need to compare with average world profitability parameters, Shevron and Exxon Mobile," Vice Minister stated. This information may not be reproduced without reference to Kazakhstan Today