Russia to Extend Profit Tax

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

Russian authorities have prepared draft legislation that would expand the recently introduced excess-profit tax (EPT) and stimulate the development of hard-to-recover reserves. If approved, the new measures could earn an additional $1 billion for state coffers and add additional barrels to the country's output.

Upstream Projects, Fiscal Terms
Wanda Ad #2 (article footer)
Kazakhstan signs new deals with state giants Sinopec and CNPC, as Chinese President Xi Jinping calls for a new gas pipeline from Turkmenistan.
Wed, May 24, 2023
Energy Intelligence examines some of the energy flashpoints of the crucial bipartisan compromise legislation — although its passage is no sure thing.
Tue, May 30, 2023
Legacy assets on the continent are struggling to compete with other opportunities in Western majors' portfolios as license expiries loom.
Tue, May 30, 2023