Russneft’s head: oil processing in Russia is on the verge of bankruptcy

Tax maneuver that was introduced by the Government to help the oil industry doesn’t help the modernization, but only hits the oil industry. And at current oil prices, the oil production in Russia will fall by 10% per year, says the head of Russneft Mikhail Gutseriev:

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