Article 11-1. Oil Supplier of the Law On State Regulation of Production and Turnover of Certain Types of Petroleum Products

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An oil supplier is a legal entity that supplies to the producer of petroleum products, as well as to oil refineries located outside the Republic of Kazakhstan, independently extracted, received by the Republic of Kazakhstan as taxes paid in kind in accordance with the tax legislation of the Republic of Kazakhstan, independently imported (including imported) into the territory of the Republic of Kazakhstan and (or) purchased directly from an interconnected subsurface user and (or) from a person, who has imported (including import) crude oil and (or) gas condensate into the territory of the Republic of Kazakhstan and sells petroleum products obtained as a result of processing such oil and (or) gas condensate under the conditions established by this Law.

An oil supplier is also a legal entity that supplies a producer of petroleum products (with the exception of a producer of low-capacity petroleum products) with refined products of crude oil or gas condensate that were independently imported (including imported) into the territory of the Republic of Kazakhstan and (or) purchased from the person who imported them (including imported) into the territory of the Republic of Kazakhstan. Kazakhstan, and (or) obtained by the subsurface user as a result of processing independently produced crude oil and (or) gas condensate, and (or) purchased directly from an interconnected subsurface user, who received them as a result of processing independently produced crude oil and (or) gas condensate.

For the purposes of this Law, an oil supplier is a person related to a subsurface user, subject to at least one of the following conditions::

the oil supplier owns fifty percent or more of the shares (shares in the authorized capital) in the subsurface user;

the subsurface user owns fifty percent or more of the shares (shares in the authorized capital) in the oil supplier;

The oil supplier and the subsurface user are controlled by a person who owns fifty percent or more of the shares (shares in the authorized capital) in the oil supplier and the subsurface user.

The Law of the Republic of Kazakhstan dated July 20, 2011 No. 463-IV.

This Law regulates public relations arising in the process of production and turnover of certain types of petroleum products: gasoline, aviation and diesel fuel, fuel oil, road bitumen.

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Republic of Kazakhstan

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