Biden urged American oilmen to “share profits during the war”

The rhetoric of the US President, addressed to the heads of the seven largest oil companies, does not at all fit with the images of the “American dream”, tied to the freedom of enterprise and declarations of minimal state interference in business affairs. As it became known from the text of Biden’s letter to the … Read more

it is unprofitable for foreign oilmen to leave Russia

According to Wood Mackenzie, investments by foreign energy companies have depreciated in Russia by more than $40 billion in the first four months of this year. At the same time, despite the sanctions, Moscow, exporting gas and oil, will earn more in 2022 than in the past. .

Production determines consciousness // Dmitry Kozlov on the peculiarities of the development of Russian oil workers

In 2022, Russian oil workers are preparing to restore production to pre-dock levels and capitalize on rising prices that may return to 2012 levels. Horror stories about the energy transition, which significantly influenced the policy of Western majors and turned them away from new investments in Russia, according to the observations of the business department … Read more

The Ministry of Finance offered oil workers privileges on income tax in exchange for an increase in production and budget revenues

The Ministry of Finance proposed an adjustment to the additional income tax (APT) regime. It can be extended to fields in Western Siberia if they meet a number of criteria. The Ministry of Finance demands that companies produce no less oil than they originally planned, and that the budget does not lose money from the … Read more

Oh mine gas // Russian oilmen want to make money on mining

The Ministry of Industry and Trade, the Ministry of Digital Industry and the Central Bank are discussing a project of Russian oil companies for the production of cryptocurrencies in their fields. The enterprises proposed to use associated petroleum gas (APG) for these purposes, with the help of which electricity will be generated to supply nearby … Read more

“Now the oil price is artificially regulated” // Head of LUKOIL Vagit Alekperov on the OPEC + deal, energy transition and taxes

Russian oil workers are preparing to ramp up production as OPEC + parties ease restrictions. President of the company Vagit Alekperov told Kommersant how LUKOIL is preparing for the restoration of production, about the possibility of an energy transition and new projects. …

The Ministry of Energy excluded the expansion of the tax on additional income from oil workers until 2024

The Ministry of Energy is not considering expanding any perimeter of additional income tax (APT) for new categories of oil until 2024. This was stated in an interview with RIA Novosti by Russian Energy Minister Nikolai Shulginov on the sidelines of the St. Petersburg International Economic Forum (SPIEF). “Proposals to expand the perimeter of the … Read more

The Ministry of Finance does not consider it necessary to change the tax burden of oil workers

At present, there is no need to change the tax burden for oil workers due to its high rates of profitability, said State Secretary – Deputy Minister of Finance of Russia Alexei Sazanov following a meeting on taxation of the oil and gas industry. The words of Mr. Sazanov are quoted on the website of … Read more