Russia poised to approve tax breaks for offshore fields

摘要

Moscow—Russia may approve a new law tointroduce a favorable tax regime for develop-ment of offshore hydrocarbons reserves assoon as the first half of the year, if the draftlaw is submitted to the government in April asplanned, Russia’s deputy energy minister YuriSentyurin said April 5.Oil companies have been lobbying for animproved tax regime to make the develop-ment of resources in technically challengingand remote offshore areas more practical.