Chevron-led Kazakh Venture Doubles Oil Extraction Tax Payment
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Chevron Corp.’s Kazakh oil venture, the country’s biggest exporter of the fuel, more than doubled crude extraction tax payments as the government seeks a larger share of resource revenue.
TengizChevroil paid 245.2 billion tenge ($1.7 billion) in the first seven months, compared with 122 billion tenge in all of 2009, according to data published on the Finance Ministry’s Tax Committee website, without elaboration.