Sechin: Russian mode of shelf development is one of the most attractive in the world

The law about the measures stimulating development of hard-to-extract reserves and the law of formula taxation of gas extraction published at the end of September will improve the investment attractiveness of Russian oil and gas assets, the head of Rosneft, Igor Sechin said at 22nd World Energy Congress.

As told by Sechin, growing energy consumption needs the involvement of unconventional reserves. Russian oil and gas reserves, particularly, hard-to-extact as well as Arctic shelf reserves need large investment and technological innovations. The law about the measures stimulating development of hard-to-get reserves presupposes differentiated MET rates.