News 2013September 2013
Law of RoK "On Subsoils and Subsoil Use"
On September 2, during his speech at the joint meeting of chambers of the Parliament, the President Nursultan Nazarbaev ordered to develop and to adopt the amendments to the Law of RoK"On Subsoils and Subsoil Use".
"The most important problem is an acceptance of changing the Law on Subsoils and Subsoil Use. In this law, it is necessary to simplify the system of providing the exploration rights in a great extent, and to protect from any unreasonable speculation of the deposits", – he said.
The President underlined that it is necessary to continue the work on investments attraction for the exploration industry, and also to clarify the situation with field use."Once someone obtains a field, and one does nothing, one doesn't invest without transferring the field to anyone.
We must continue to work on this matter, and whose not investing or developing, shall return the fields to the state or transfer the, to other investors, "- warned the Head of State. Also, he said, the modification of the legislation shall necessarily stipulate the mechanisms for obligatory requirements to the investors on assistance of diversification of the economy of Kazakhstan at the stage of the conclusion of contracts and their modification.