HomeMediaLatest NewsThe Ministry of Finance will not be able to collect 650 billion rubles of new taxes from the oil sector

The Ministry of Finance will not be able to collect 650 billion rubles of new taxes from the oil sector

17 November 2020

Belogoryev Alexey M. Research and Development Director, Director of the Center for Energy strategic analysis and forecasting

Alexey Belogoryev, Deputy Principal Director on Energy Studies commented to News.ru on the consequences of canceling privileges for extra-viscous oil production.

The most serious long-term risk is associated with a sharp drop in profitability of extra-viscous oil production - the scenario of a complete cessation of production is indeed possible here, the Deputy Principal Director on Energy Studies at the Institute for Energy and Finance Alexey Belogoryev has agreed.

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