Rosneft to get 10-year tax incentive for Samotlor oil field

MOSCOW, Oct 6 (PRIME) -- The Finance Ministry and Russia’s oil major Rosneft have agreed to introduce a mineral extraction tax (MET) incentive for watered oil field Samotlor at 35 billion rubles annually for 10 years, the parties said in a joined statement on Friday.

The bill will be presented to the government until October 15.

The mechanism is to be introduced from January 1 after amendments to the tax code are adopted.

Rosneft plans to approve an expanded investment plan for the field.

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