If no replacement of MET by excess-profit tax or tax on financial results, Russia will face an oil production decrease in 5-7 years, A.Novak

If not to switch to excess-profit tax or tax on financial result in the coming 5-7 years and keep similar approach to efficient and inefficient projects, oil production in Russia will go down by 5-10% after 2020. Minister of Energy of Russia A.Novak asserted in an interview to “Interfax”.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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