Monday, February 29, 2016

Putin decided to meet with the heads of the major oil companies – RBC

President Vladimir Putin Photo: REUTERS 2016

On March, President Vladimir Putin will meet the heads of the oil companies in the country, sources told “Vedomosti”. The theme of the meeting is not known, perhaps, on it will discuss the issues of freezing oil and taxes

Russia’s President Vladimir Putin on March 1 to meet with the heads of Russia’s largest oil companies, write “Vedomosti”, citing its own sources: federal official and invited person meeting. The fact that the Kremlin is preparing for this meeting, the publication also told the president’s press secretary, Dmitry Peskov, however, he refused to call it a date.

An unnamed federal official told the publication that the specific agenda of the meeting is not, as it is, he said, not meeting. “Probably will discuss the situation on the world oil market, as the company can adapt to low prices, be sure to rise industry tax topic,” – sends him newspaper

In addition, the source publication said that some. concrete decisions at the meeting will not be accepted. According to him, during the event it will not be made any decisions to change the tax regime in the oil industry, because it is not attended by representatives of the Ministry of Finance. Another source told the publication that the president may discuss with industry leaders questions relating to the freezing of oil production, as previously held talks with OPEC.

Earlier, the Ministry of Finance spoke in favor of increasing the tax burden on the oil industry. The Minister Anton Siluanov, explained that under the current oil prices, the oil industry tax system works in favor for the oil industry, but not for the budget. “As we look forward to the MET, there is a deduction of $ 15 per barrel, which was formed as the costs of production of a barrel of oil. It was formed in the context of high oil prices. “Now the cost is much lower – in half, $ 7.5 per barrel. Because the ruble price has not changed, and the dollar fell, “- he said

According to the Ministry, due to falling oil prices oil and gas revenues of the Russian budget in January 2016 fell by almost a third compared with January. 2015, and on a year earlier.

February 16 representatives of the ministries of energy of Russia, Qatar, Saudi Arabia and Venezuela have agreed on the possibility of freezing oil at 11 export duties on hydrocarbons have brought the treasury less than half (49%) of January. The Ministry of Energy of Russia then clarified that the countries participating in the negotiations, ready to freeze production if other manufacturers do the same.

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