According to Russian media in Moscow on June 18 reported that the Government of the Russian Federation in accordance with the Department of Energy submitted a few days ago about how to reduce the tax burden is not to develop oil fields proposed earlier, Russia's oil projects, even if most of the new oil at 150 U.S. dollars per barrel will be unprofitable.
That the Russian Ministry of Energy, under the current tax system, the Russian domestic oil most of the new project will be unprofitable. In nearly 10 major new oil projects, only three projects are the development of the meaning, but the requirements of Urals crude in the international market price can not be less than 60-90 U.S. dollars a barrel.
Russian Ministry of Energy, said new oil fields if there is no additional tax incentives, then, the Russian oil companies than they produced last year a small number of oil production of 40 million tons.
Russian Energy Minister Sergei tecomapa chashma in February this year when Prime Minister Vladimir Putin met with oil companies to develop proposals for a new tax system. Chashma Zitko said that if oil prices continue to remain low when the implementation of the current tax system, then 94% of Russia's domestic development of new oil fields will be unprofitable.
Jun. 20, 2009
