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Russia abandons tax incentives for extra viscous oil fields while still favouring Arctic developments By GlobalData Energy 07 May 2021 (Last Updated May 7th, 2021 10:00) Historically, all the upstream acreage in Russia had been granted in the form of mining concession agreements to Russian companies, except acreage granted under the three PSAs signed between 1994 and 1995. Share Article Historically, all the upstream acreage in Russia had been granted in the form of mining concession agreements to Russian companies, except acreage granted under the three PSAs signed between 1994 and 1995. A signature bonus, excess flaring and annual rental fees are payable for concession licenses, which in most cases are awarded through open auctions. Export duty is payable with oil rates depending on the Urals price and a 30% marginal rate whilst the rate for gas is set at 30% (excluding LNG). Mineral Extraction Tax (MET) is p

Globaldata energyMineral extraction taxAdditional incomeExport dutyதாது பிரித்தெடுத்தல் வரிஏற்றுமதி கடமை