Rus News Journal

Preferential rates of the duty on oil from Caspian sea can enter with 2011.

Preferential rates of the export duty on oil from deposits of Caspian sea can start to operate with 2011., has informed journalists vitse - the prime minister, the Minister of Finance of the Russian Federation Alexey Kudrin.
I essentially have agreed yesterday that the preferential position will be that it will operate temporarily - to an exit of the companies on necessary internal profitability - he has told.
LUKOIL and, in certain degree, " becomes the cores benefitsiarom the preferential duty on oil from Caspian sea; Rosneft . These two Russian companies are especially active on the Caspian shelf.
several days before head of the Department of Energy of the Russian Federation Sergey Shmatko informed that by working out of oil deposits on Northern Caspian sea the same privileges, as on deposits in Eastern Siberia will be applied. As he said, such program is prepared Ministry for the Power Generating Industry and co-ordinated with the Ministry of Finance of the Russian Federation and in the near future the decision will be accepted.
We do not speak precisely about zeroing as it was for some deposits of Eastern Siberia, we have agreed about application of a similar technique. The technique says that the economic model of working out of a deposit should guarantee a recoupment and an exit on certain norm of profitability, and taking into account specificity of these deposits and the definitive sizes of these investments this privilege " will be defined; - the minister has told.