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Inside Investor

RUSSIA: Juggling Oil Tax Increases and Unconventional Incentives

RUSSIA: Juggling Oil Tax Increases and Unconventional Incentives

Bottom Line: The Russian Finance Ministry’s proposed increase in extraction taxes of 5% for 2014-2016 is intended to raise money for building roads, but the tradeoff is a sweet incentive package for offshore development. 

Analysis: Russian officials are describing this proposed tax increase as a back-up plan in the event that officials fail to reach a consensus on oil duties in…

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