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Improved oil accounting brings 3.3 billion tenge to Kazakhstan’s budget

A total of 92,000 tonnes of excess oil was recorded on the Kenkiyak–Kumkol pipeline.

Improved accounting for oil in trunk pipelines resulted in 3.3 billion tenge in tax payments to the state budget. Similar measures are now under way on the Atasu–Alashankou pipeline.

Author: Робот Source: KazTransOil JSC of Kazakhstan

A section of a trunk oil pipeline in Kazakhstan
The Kenkiyak–Kumkol trunk oil pipeline. Illustrative photo. Photo: Robzor / Pixabay, Pixabay Content License

The General Transport Prosecutor’s Office, KazTransOil JSC, authorized government bodies and Kazakhstan-China Pipeline LLP ensured that 3.3 billion tenge in taxes was paid to the state budget.

At KazTransOil’s initiative, amendments were made to national standard ST RK 1474-2016, “Trunk Oil Pipelines. Instructions for Oil Accounting.” The amendments set out how a trunk pipeline owner should record excess oil arising from permissible measurement errors during transportation.

The amendments took effect on March 1, 2024, establishing a regulatory basis for accounting for the relevant oil volumes. In reviewing compliance in trunk pipeline transport, the General Transport Prosecutor’s Office focused on proper accounting of oil resources and related tax obligations.

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The joint work helped implement the revised standard and the requirements of accounting and tax legislation. A total of 92,000 tonnes of excess oil was recorded on the Kenkiyak–Kumkol trunk pipeline, and the corresponding taxes of 3.3 billion tenge were paid into the budget.

Similar measures are currently being carried out on the Atasu–Alashankou pipeline.

According to the company, KazTransOil and its subsidiaries and jointly controlled entities paid 66.1 billion tenge in taxes and other mandatory payments to Kazakhstan’s budget in 2025.

Translated from Russian using artificial intelligence. Source: KazTransOil JSC of Kazakhstan

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