After ExxonMobil and ENI, Rosneft extends its domino strategy to Statoil Rosneft and Statoil signed a cooperation agreement to jointly explore offshore and onshore fields in the Russian sections The cooperation agreement also provides Rosneft with an opportunity to acquire interests in selected Statoil exploration licences and assets in the (more…)
Read moreRussian tax incentive unlock foreign investments The key factor that prompted the companies to sign the agreement was the steps taken by the Government of the Russian Federation to introduce tax incentives for offshore production, including cancelling export duties and introducing a reduced Mineral Extraction Tax rate of 5-15% depending on project complexity. The Russian Government also offered guarantees that the favourable (more…)
Read moreTags: Arctic oil and gas, Barents Sea, Black Sea, Central Barents field, Eduard Khudainatov, ENI, Exploration & Production, export duties, ExxonMobil, Fedynsky field, geological exploration, IOC, joint venture, Kara Sea, Majors, Mineral Extraction Tax, NOC, Norway, offshore, offshore cutting-edge technologies, Offshore technology, Oil & Gas fields, Paolo Scaroni, Romania, Rosneft, Rosneft Strategic Cooperation Agreements, Russia, Russia Mineral Extraction Tax, Russian Government, Russian tax incentives, staff exchanges, Strategic Cooperation Agreement, Tax incentives, Technology exchange, Western Chernomorsky field
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