Date: 5 months ago   Category: Energy

The Ministry of Finance doesn't see need for creation of incentives for oil production in Western Siberia — Rambler News Service


The Ministry of Finance of the Russian Federation doesn't see need for creation of additional incentives for oil production in Western Siberia, the head of department of tax and customs policy of the Ministry of Finance Alexey Sazanov has said at the Moscow financial forum. "Additional incentives for Western Siberia to create there is no need", he said. 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. Earlier today the Deputy Minister of Energy of the Russian Federation Pavel Sorokin has reported that the Ministry of Energy has begun work on realization of an initiative of Rosneft on stimulation of oil production in Western and Eastern Siberia. Sorokin has added that the ministry expects to come to such format of stimulation that it suited all interested parties, including the Ministry of Finance. As earlier reported to RNS, in August Rosneft has appealed to the Russian President Vladimir Putin to provide the companies investment incentives when developing fields of Siberia. As the representative of the company explained, according to the experts, stimulation of investments into production in Western Siberia can yield in addition more than 1 trillion rub of budget revenues till 2024 - it is about income from growth of production in the region on all branch.

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