Kazakhs Seeking More Oil Revenue Tax Chevron Unit

Kazakhstan plans for the first time to tax exports of crude oil from a venture led by Chevron Corp., in the government’s latest effort to seek a bigger share of revenue from the country’s energy wealth.

Kazakhstan’s cabinet today approved a crude-oil export tax of $20 a metric ton, said Farida Batyrbayeva, an Astana-based spokeswoman at the Ministry for Economic Development and Trade. The tax, which applies to most oil producers in the central Asian nation, will take effect 30 days after it is published in official media, she said by telephone.