USD 92.5919

+0.02

EUR 100.2704

-0.14

Brent 86.41

+0.72

Natural gas 1.743

+0.03

633

Russian government try to find universal solution to stimulate Caspian sea oil and gas development

The Russian government favors applying a universal approach to tax breaks for Russian subsoil companies developing fields in the Caspian Sea, Deputy Prime Minister Igor Sechin said according to Interfax.

Russian government try to find universal solution to stimulate Caspian sea oil and gas development

The Russian government favors applying a universal approach to tax breaks for Russian subsoil companies developing fields in the Caspian Sea, Deputy Prime Minister Igor Sechin said according to Interfax. "We are in favor of finding some kind of universal solution so that we do not jump around from field to field", Sechin said. At the same time, he stressed that an entire range of work, including refining and transport and so on should be taken into consideration along with production when drafting a solution.


He pointed out that LUKOIL had started developing the Korchagin field and made "Serious investments in developing the field", while the field would only be profitable with oil prices above $80 per barrel. "Of course we should take that into account", Sechin said. "Privileges are the easiest route. Of course we should react to requests from our subsoil companies", the deputy prime minister commented.


Follow us on Google News
Advertising at neftegaz.ru

Subscribe to our newsletter

of the best materials Neftegaz.RU

* Incorrect E-Mail Address

By clicking the "Subscribe" button I accept the "Agreement on the processing of personal data"


Advertising at neftegaz.ru