Sakha-Yakutia pursues new MET breaks

摘要

Russia’s energy ministry is supporting the east Siberian republic of Sakha-Yakutia in its quest for new tax conces-sions for all of the fields being devel-oped on its territory.The breaks would benefit not only state-run Rosneft,but also a number of smaller producers. The ministry agrees that existing mineral extraction tax(MET)exemp-tions for new fields should now be applied to older fields that have pro-duced over 10mn t(73mn bl).Zero MET has been in place in Sakha-Yakutia,neighbouring Irkutsk region and Krasnoyarsk territory since 2006, although fully fledged production in Sakha-Yakutia only began in 2008, when Surgutneftegaz brought on stream its 905mn bl Talakan field.Last year the government agreed to extend MET breaks to 2021,but only for fields that are less than 5pc depleted.