PM says Russia to keep MET incentives during oil tax reform - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

PM says Russia to keep MET incentives during oil tax reform

MOSCOW, Jun 21 (PRIME) -- The Russian government want keep existing mineral extraction tax (MET) incentives after changes in the oil taxation system, Prime Minister Dmitry Medvedev said at a government meeting on Thursday.

УThese changes will come in force from next year and will be valid for the next six years. To avoid an additional burden on prices, we offer to keep the current MET incentives,Ф he said.

УI talking about production at new sea deposits, and development of gas condensate which is used in production of liquefied natural gas, on deposits in the Yamalo-Nenets Autonomous District.Ф

Medvedev added that reduced MET rates will remain for hard-to-recover oil.

The government needs to introduce a draft law on oil taxation changes to the State Duma, the parliamentТs lower chamber, as soon as possible, he said.


21.06.2018 12:59
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 70.7941 +0.1873 20 jul
USD 62.8666 +0.0380 20 jul
Stock Market Indices
1D 1W 1M 1Y
rtsi 1350.69 +0.07 18:50 19 jul
micex 2700.57 -0.07 18:50 19 jul
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 216.00 -1.05 18:49 19 jul
lkoh 5200.50 +0.67 18:49 19 jul
rosn 420.45 +0.83 18:47 19 jul
sber 232.85 -0.82 18:48 19 jul
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 70.6200 +0.1800 14:59 19 jul
USDTD 63.0300 +0.1575 17:44 19 jul