Exploration

Putin boosts drive for onshore activity in Russian Arctic

Offered tax incentives have time limits and benefit primarily country's largest oil producer Rosneft while other industry players face possible roll back on granted privileges for their West Siberian projects

Concessions: Rosneft chief executive Igor Sechin (right) delivers a presentation on the Vostok Oil project to Russian President Vladimir Putin at the latter's Novo-Ogaryovo residence outside Moscow in May 2020
Concessions: Rosneft chief executive Igor Sechin (right) delivers a presentation on the Vostok Oil project to Russian President Vladimir Putin at the latter's Novo-Ogaryovo residence outside Moscow in May 2020Photo: REUTERS/SCANPIX
  • Vladimir Afanasiev
Moscow
Published 14 July 2020, 15:18Updated 14 July 2020, 15:18
Vladimir PutinRussiaRosneftVostok OilKrasnoyarsk