Putin outlines offshore tax breaks

Tax breaks: proposals could help Shtokman partners

Russian President-elect Vladimir Putin outlined on Thursday new rules for the development of vast offshore oil and gas resources, offering some much-needed tax breaks to make far-flung projects viable.

Newsletter signup


Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?