Faster MET growth to result in reduction of oil extraction

The initiative of the Ministry of Finance about faster increment of MET for oil deposits will result in reduction of extraction and unprofitability of a number of deposits, General Director of Surgutneftegaz Plc. Vladimir Bogdanov reported.

On Monday the Minister of Finance Anton Siluanov said, Russian Ministry of Finance proposed faster growth of MET for oil in order to increase the filling of the road funds by 2014-2015.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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