Oil industry workers have got in “ 10 - 10 - 10 “Oil industry workers will receive from the government new privileges - under the export duty on superviscous oil. The rate entered for ten years, will make 10 % from the full. The economy total amount depends on rates of escalating by the companies of extraction of superviscous oil and will make from $100 million a year at current level of extraction to $1,3 mlrd if forecasts of growth of the extraction, made Ministries for the Power Generating Industry, appear true. The basic benefit from a new mode will take “ Tatneft “ LUKOIL and NK “ the Alliance “.
the Governmental commission on toplivno - to a power complex under the chairmanship of vitse - prime minister Igor Sechina past Friday has considered the problem on privilege granting under the export duty to deposits of superviscous oil. Following the results of session of Ministry of Economics, Federal customs service, Ministry for the Power Generating Industry and to the Ministry of Finance is entrusted to develop, co-ordinate and present projects of the statutory acts entering for deposits of superviscous oil a new tax mode which in departments name " to the government; 10 - 10 - 10 “. The offers of Ministry for the Power Generating Industry approved by the commission provide introduction for oil fields viscosity not less than 10 thousand santipuaz a ten years` grace period during which the rate of the export duty will make 10 % from the usual. The new tax mode is supposed to be entered since July, 1st, 2012, it will operate till July, 1st, 2021.
the basic addressees of a privilege become LUKOIL, “ Tatneft “ and NK “ the Alliance “ (Open Society “ Tatnefteotdacha “ entering into the joint venture with Spanish Repsol). Yesterday in the companies could not even estimate approximately total amount of the future economy - it depends on market condition which will cause rates of escalating of extraction of superviscous oil.
as Valery Nesterov from " has explained; Three Dialogue “ for today the volumes of extraction of superviscous oil taken on a maximum which can apply for a privilege, the following: LUKOIL - 2 million, “ Tatneft “ - 300 thousand, “ the Alliance “ - 200 thousand tons a year. At the current prices for oil the privilege will allow the companies to save $370 from each exported ton of oil, that is more than $900 million a year.
in LUKOIL “ “ have informed that in case of granting of a privilege the company plans to increase extraction on the Jaregsky deposit of superviscous oil. According to Valery Nesterov, on it at LUKOIL will leave from three till five years. In possibilities “ Tatneft “ and “ the Alliance “ To increase extraction, even having privileges, the analyst doubts.
Denis Borisov from Nomos - bank believes that the total sum of privileges for ten years will make about $6 - 7 billion Analyst adds that “ Tatneft “ has received a five years` privilege on NDPI for deposits of superviscous oil as a whole on 38 mlrd rbl. But in case of privilege granting under the duty the privilege on NDPI is nulled, accordingly, this sum is necessary for subtracting from privilege total amount under the export duty.
in Ministry for the Power Generating Industry, however, operate with other figures. By ministry calculations, now in Russia it is extracted all about 600 thousand tons of the superviscous oil falling under a privilege. From this volume it is exported about half, that is dropping out incomes of the budget of privilege granting the next years will make about $110 million annually. Thus in Ministry for the Power Generating Industry count that the privilege will force the companies to increase extraction of superviscous oil by 2021 to 3,5 million tons a year. At a current price level the economy of the companies would make to $1,3 mlrd in a year if they had not to solve logistical problems.
but attempt to export superviscous oil on pipelines, even after finishing of its quality to the level, defined the STATE VOLUME, will essentially worsen quality of oil Urals. In Ministry for the Power Generating Industry this variant do not consider. It is planned that the companies will export superviscous oil more expensive railway transportation that can reduce their incomes.