Date: 9 months ago   Category: Energy

The head of Gazprom Neft has expressed support by the Ministry of Finance of the accelerated transition to NDD in oil branch — Rambler News Service


The Ministry of Finance of the Russian Federation supports the accelerated distribution of NDD in oil branch on all fields, has stated during the Tyumen oil and gas forum the head of Gazprom Neft Alexander Dyukov. Dyukov has explained that this position has been sounded during the meeting with the prime minister of the Russian Federation Dmitry Medvedev which has taken place on September 18. "The yesterday's meeting has shown that this understanding is and the main opponent has branches - the Ministry of Finance. Those measures which have been sounded yesterday it is consolidated by the Ministry of Energy and the companies, haven't encountered ardent resistance from the Ministry of Finance... Yesterday mister Minister of Finance (Anton Siluanov. - RNS) has told that they would support the idea of faster transition to NDD for all fields", - he has noted. As it was reported earlier, on September 18 during the meeting with the prime minister of the Russian Federation Dmitry Medvedev of the Ministry of Energy of the Russian Federation has proposed six measures for stimulation of oil production in Russia. In particular, the ministry offers application of the increased depreciation coefficient for investments into fields of Western Siberia, additional incentives for geological exploration, the accelerated transition of oil branch to NDD, change of criteria of granting privileges for new fields, stimulation of tertiary methods of oil recovery and also stimulation of development of oil rims. At the beginning of September the head of department of tax and customs policy of the Ministry of Finance Alexey Sazanov said that the Ministry of Finance of the Russian Federation doesn't see need for creation of additional incentives for oil production in Western Siberia. Sazanov has explained that the government has already made the decision on introduction of NDD in oil branch that will allow to stimulate oil production. As earlier reported to RNS, at the end of November, 2017 the Government of the Russian Federation has introduced the bill of application of a tax on additional income (NDD) in oil branch to the State Duma. The list of pilot projects on application of NDD in oil branch had included 35 sites developed by Rosneft, Lukoil, Gazprom Neft, Surgutneftegas and the independent oil companies. Cumulative oil production in 2016 on these sites has made 14,7 million tons, recoverable oil reserves – about 900 million tons. On April 5, 2018 the bill has been adopted by the State Duma in the third reading. It will come into force since January 1, 2019.

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