Rosneft expects tax clarity soon on East Siberia plan

摘要

Moscow-Rosneft, Russia's leading oil producer, expects the government to provide tax clarity for the development of its major Yurubcheno-Tokhomskoye oil and condensate field in East Siberia within six months, Pavel Fyodorov, the company's first vice president, said April 29. "We've received lots of agreement and support from the government and are now working on formalizing" how the tax breaks would work, Fyodorov said during an investor call, adding that discussions focused on a five-year period with a discounted export duty. Fyodorov said development would begin once the field is granted formal tax breaks.