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the United States and European Union sanctions against Russia already had an impact on production of stranded oil, Minister of Natural Resources and Environment Sergey Donskoy.
« sanctions in the first place because of the technology, not yet hit [on the Russian economy], but have an impact on the production of stranded. As a rule, take our oil foreign technology and try to adapt to our conditions “, – quotes the head of the Ministry of Environment Interfax.
Sanctions may adversely affect on the production of hydrocarbons on the shelf, as this area is used a lot of foreign technologies recognized Don.
The Minister believes that sanctions will have the least impact on the projects “land”, which are already being implemented, because Russia is a “waste connection” with the countries that have not acceded to the sanctions.
Don cited the example of China. Previously, the Russian oil industry had a claim to the Chinese equipment, but the technology is improving, and soon Chinese technique can be held in the Russian projects, said the head of the Ministry of Environment.
According to the Minister, on the production of hydrocarbons in Russia have a negative impact rather than sanctions and imperfect taxation. The current system allows you to cost-effectively produce MET “light” oil, but since a large amount of Russian stocks scavenger oil tax system should be structured to be involved in the development of the maximum number of stocks, added Don.
In the summer of 2014 the United States and the European Union adopted a package of sectoral sanctions against Russia. Both the United States and the EU have limited the supply of equipment, which is used for exploration and production of oil scavenger. The United States has restricted list appeared wider and includes, for example, devices for seismic exploration. September 1 to sanctions now in Australia, which also banned the delivery of its oil and gas equipment in Russia.
On Monday, September 8, the EU finally agreed extension of sectoral sanctions against Russia.
As reported by The Financial Times and The Wall Street Journal, who reviewed the draft sanctions against Russia, the EU measures will affect defense companies (“Oboronprom” United Aircraft Corporation, UralVagonZavod and concern “Kalashnikov”), energy sector (“Gazprom Neft”, “Transneft” and “Rosneft”), as well as the financial sector (Sberbank, VTB and a number of other Russian state-owned banks).
Sergey Kanashevich
September 10, 2014
RBC
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