ORDER OF THE MINISTER OF ENERGY OF THE REPUBLIC OF KAZAKHSTAN

of March 10, 2023 No. 99

About introduction of amendments to the order of the Minister of Energy of the Republic of Kazakhstan of July 16, 2021 No. 232 "About approval of Rules of the conclusion of the agreement of pledge of bank deposit and standard form of the agreement of pledge of bank deposit of hydrocarbons and production of uranium"

I ORDER:

1. Bring in the order of the Minister of Energy of the Republic of Kazakhstan of July 16, 2021 No. 232 "About approval of Rules of the conclusion of the agreement of pledge of bank deposit and standard form of the agreement of pledge of bank deposit of hydrocarbons and production of uranium" (it is registered in the Register of state registration of regulatory legal acts for No. 23703) the following changes:

in the Rules of the conclusion of the agreement of pledge of bank deposit approved by the specified order:

be reworded as follows Item 2:

"2. Pledge of bank deposit as the method of ensuring obligation fulfillment on mitigation of consequences of transactions on subsurface use in the field of hydrocarbons and (or) production of uranium is provided for benefit of the Republic of Kazakhstan on behalf of competent authority in the field of hydrocarbons and (or) production of the uranium (further - competent authority) which is the contract party on subsurface use in the field of hydrocarbons and (or) production of uranium and (or) granted the license for subsurface use in the field of hydrocarbons and (or) production of uranium.";

third to be reworded as follows the paragraph Item 3:

"The contribution can be made in tenge or in foreign currency to which the official rate of national currency determined by National Bank of the Republic of Kazakhstan on the date of making (conclusion) of the agreement of pledge of bank deposit is established.".

2. To provide to department of subsurface use of the Department of Energy of the Republic of Kazakhstan in the procedure established by the legislation of the Republic of Kazakhstan:

1) state registration of this order in the Ministry of Justice of the Republic of Kazakhstan;

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