Novatek Seeks Obsky Tax Break

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Russia’s Novatek has asked the government to set a zero mineral extraction tax (MET) for its Obsky Gas Chemical Complex project in the Arctic, business daily Kommersant reported this week.

Fiscal Terms, Hydrogen
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Analysts say the move would amount to a major regulatory intervention in the refining sector — at least in the short-to-medium term.
Tue, Sep 19, 2023