Intensification in mineral tax raising leads to a decline in oil production

The initiative of the Ministry of Finances aimed to rapid growth in mineral tax for oil deposits will lead to decline in oil production and non-profitability of several deposits, the CEO of Surgutneftegaz V. Bogdanov says.

On Monday the Minister of Finances A. Siluanov said that the Ministry suggests to intensify oil mineral tax raising for enlargement of contribution to road funds by 2014-2015.

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