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Zhanara Iskhakova GRATA Law Firm , March , 2014

Social Responsibilities of Companies in Kazakhstan. Zhanara Iskhakova GRATA Law Firm , March , 2014. SOME GENERAL INFORMATION ABOUT OIL AND GAS INDUSTRY FOR 2013. BACIS PRINCIPALS All subsoil deposits are the property of the Republic of Kazakhstan;

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Zhanara Iskhakova GRATA Law Firm , March , 2014

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  1. Social Responsibilities of Companies in Kazakhstan Zhanara Iskhakova GRATA Law Firm, March, 2014

  2. SOME GENERAL INFORMATION ABOUT OIL AND GAS INDUSTRY FOR 2013

  3. BACIS PRINCIPALS • All subsoil deposits are the property of the Republic of Kazakhstan; • Foreign legal entities and persons have the same rights and obligations as Kazakhstani legal entities and persons (if other are not specified by the law); • Guarantees for subsoil users: • Protection of the rights is guaranteed; • Stability of the contract (except of changes into the laws related with national security, ecology, health protection, taxes, customs duties). • Pre-emptive right of the State.

  4. Developing the country and the regions: Through establishing: • Contractual mandatory obligations • Negotiations and discussions of corporate responsibilities of the investors

  5. CONTRACTS OBLIGATIONS • The RK Law “On Subsoil Use in Kazakhstan” (Article 76: Responsibilities of the Subsoil Users) • Use local suppliers of • Goods • Services • transports (railways, air transport, sea transport) • Use local labours; • Spend not less that 1% of total income of contractual activities for financing of research and development works provided by kazakhstani companies

  6. CONTRACTS OBLIGATIONS (Cont’d) • In the contract the State stipulates: • % of Local Content in procurement procedure of goods, services For example: 2013: local content % in procurement of mining companies - 54,6% 2012 год - 47,1% Responsibility: Violation of the contractual obligations can lead to the termination of the contract

  7. Social Responsibility • support of local schools, medical organisations, kinder gardens, sport centers and most vulnerable group of society by way of • Constructions of new social objects • Sponsorship • Educational Programs • Cultural Events Foreign Investors and National Companies are involved into social responsibility programs

  8. THANK YOU! GRATA LAW FIRM Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan, Turkmenistan, Azerbaijan, Russia, Mongolia United Kingdom, USA

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