Kazakhstan to Provide Subsurface Rights through Online Auctions

08.08.2020, 03:02 kursiv.kz

According to the Ministry of Energy press release, oil rights will be provided via an online auction starting from September 1. The new rules are stipulated by a new version of Code “On Subsurface and Subsurface Use” which envisages online auctions for licenses. “While all previous auctions were held in the paper format, which was not perfect, from September 1 of this year, those who are interested in oil rights will be able to participate in auctions online,” the agency’s press release said. New online auctions are expected to be transparent and improve the competitive environment. Earlier in June 2018, a new Code “On Subsurface and Subsurface Use” came into force in Kazakhstan. To attract