Rosneft sees big savings from longer Vankor tax break

摘要

Moscow-Russia's largest oil producer Ros- neft stands to save some $800 million from the four-month extension for the reduced rate of crude oil export duty from its giant Vankor oil field in East Siberia at an oil price of around $75/b, a senior company official said November 2. "The Vankor tax break will save Rosneft $800 million before income tax if oil is at $75/b," Rosneft First Vice President Pavel Fedorov said on a conference call on the com- pany's third-quarter results.