Kazakhstan to amend subsoil code

Kazakhstan to amend subsoil code

Kazakh president Nursultan Nazarbayev has instructed to adopt the new 'Code on Subsoil' and make the necessary amendments in the country’s tax legislation.

President, in his annual address to the Kazakh people, noted that given the decrease in global demand for mining products, as well as the products of oil and gas industry, it is necessary to enter new markets and expand the scope of supplies.

He said it is also necessary to step up geological exploration, Trend reports.

Nazarbayev added that complex processing of raw materials should be intensified.

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