Benefits for hard-extractable oil production will provide additional yield of 326 million tons within 20 years

The law about the differentiation of mineral tax for hard-extractable oil reserves agreed in 2013 will provide additional yield of 326 million tons within 20 years, the Vice Minister of Natural Resources and Ecology, D. Khramov says at the session with the Governor of the Tomsk region. This yield is comparable to discovery of a new province. They’ll need investment of $45 billion and it will attract to the federal budget $60 billion of taxes additionally.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
12 Northfields Prospect; London, - SW18 1PE; United Kingdom
E 51° 27.454518" S 0° 14.101236"

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer