Russia Not Planning To Raise Oil, Gas Taxes For Several Years

Russia Not Planning To Raise Oil, Gas Taxes For Several Years
dj
Πεμ, 28 Ιουνίου 2012 - 18:21
Russia is facing a slowly declining output of oil, its main source of the foreign income, as companies are reluctant to invest in largely untapped fields in the Arctic and in Eastern Siberia. However, Russia has introduced tax breaks for the companies ready to explore oil and gas offshore, mostly in the Arctic, which has already resulted in three major international deals with Russia's state-controlled oil company OAO Rosneft
Russia is facing a slowly declining output of oil, its main source of the foreign income, as companies are reluctant to invest in largely untapped fields in the Arctic and in Eastern Siberia.

However, Russia has introduced tax breaks for the companies ready to explore oil and gas offshore, mostly in the Arctic, which has already resulted in three major international deals with Russia's state-controlled oil company OAO Rosneft.

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