Aequitas - Latest Amendments on Subsoil and Subsoil use

On 28 December 2023, Kazakhstan adopted a Law introducing amendments into the Code of the Republic of Kazakhstan "On Subsoil and Subsoil Use" (the "Code") and Environmental Code of the Republic of Kazakhstan. Most of the introduced amendments were put into effect on 28 February 2024. The key amendments affect hydrocarbons exploration, determine the levels of operation of depleting fields, and simplify certain administrative procedures and regulations. Furthermore, other significant adjustments have been introduced into the Code, including with respect to uranium and solid minerals.

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For more information, please contact the author Yelena Manayenko.