Some 40,000 cyclists taking part in Moscow cycle paradeSociety & Culture May 28, 18:33
Corporation Irkut: MS-21 first flight performed in routine modeBusiness & Economy May 28, 16:54
Ukrainian military launch more than 180 shells, mines on Donetsk within one dayWorld May 28, 16:36
Minister: Russia may supply 1,000 MC-21 planes to 2037Business & Economy May 28, 14:42
Lavrov: China, ASEAN interested in organization of Eurasian partnershipRussian Politics & Diplomacy May 28, 11:45
MC-21 airliner makes first test flight - sourceBusiness & Economy May 28, 11:00
Putin congratulates Border Guards on their professional holidayMilitary & Defense May 28, 10:57
Ukrianian court puts on hold lawsuit against ban on Russian social networksWorld May 28, 6:10
Russia’s Lasitskene wins high jump in Diamond League event in Eugene, USSport May 28, 4:59
MOSCOW, June 09. /ITAR-TASS/. Rosneft’s Far Eastern projects profit will not be hurt by Russia’s changes to the oil taxation system, which means a gradual increase of mineral extraction tax (MET) and a reduction of light oil product and crude export duties, Finance Ministry’s Tax, Customs Duties and Tariff Policies Department Director Ilya Trunin told reporters Monday.
Rosneft CEO Igor Sechin has criticized the reform, saying that the changes will make it impossible for the company to develop new deposits in Siberia and the country’s Far East, and most of all they will damage Eastern Petrochemical Company.
“In accordance with our estimates, this is not the case. If this is true, the things that Sechin said, of course, we will not carry out the reform, we will abandon it because no damage to any oil company has ever been our target, and least of all, any damage to Rosneft,” Trunin said.
Eastern Petrochemical Company will not produce much dark oil products and this is why there is no threat to its margins, he said.
Trunin said, referring to President Vladimir Putin’s proposal to set a zero MET for deposits which will produce gas to be supplied to China, that this proposal needs a thorough discussion. “Last year we accepted a new MET taxation construction that implies zero tax holidays for Far Eastern projects. There are incentives there as it is. New advantages have to be discussed,” Trunin said.