Tax manoeuvers in oil sector will reduce Bashneft’s net profit by 1 billion rubles
Edited by Rhod Mackenzie / 2013-10-29 09:27:31
Oil and Gas Refining Russia Russia Oil and Gas Bashneft Lukoil Oil Production and Refining Rosneft Tatneft
Tax maneuver in oil sector will reduce Bashneft’s net profit by 1 billion rubles, the President of Bashneft A. Korsik says. He tells that Bashneft dominates in downstream sphere, and has awaited for long that taxes will be moved from upstream sphere to downstream sphere. It’s advantageous for the state to promote development of upstream. However Bashneft was ready for that.
In 2012, Bashneft increased net profit by ISA by 4.5% to 52.088 billion rubles.
