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.

Full text available to premium subscribers only.

Buy full access for 24 hours now


Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer