Moscow—Shtokman Development, the Gaz-prom-led operator of the giant undevelopedShtokman gas field in the Barents Sea, haswelcomed new proposals by the Russian gov-ernment on tax incentives for new offshore oiland gas projects. But it remains unclear forthe moment whether the new tax regime willactually apply to the project.“The decision to approve a new, favor-able tax regime for offshore projects is a verygood sign,” a company source told PlattsApril 13.
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