Russia Cancels Offshore Drilling Rig Import Duties

Wednesday, January 23, 2008
Reuters reported that Russia has abolished for two years import duties and customs taxes for offshore drilling rigs temporarily imported to Russia for exploration work, the government said on Tuesday. The measure is the first step toward a long-discussed reduction of taxes for energy companies exploring offshore fields, which are expected to contain massive oil and gas reserves but are more expensive to develop than onshore fields.

The government said it had cancelled customs duties and taxes for offshore rigs to be rented by a Russian citizen from a foreign owner for five months. The government has also been discussing the idea of mineral resource tax breaks to develop offshore fields -- a benefit similar to that introduced last year for the underdeveloped but resource-rich region of East Siberia. Among the companies most interested in the benefits are state-controlled oil firm Rosneft and gas giant Gazprom which are developing major projects offshore the Pacific island of Sakhalin. Also concerned is privately owned Lukoil the country's second biggest oil producer, which is developing deposits in the Caspian Sea. Russia has said its offshore deposits could contain billions of barrels of oil and gas reserves, but has signaled all major blocks will be awarded at closed tender to state-owned companies, such as Rosneft and Gazprom. (Reporting by Tanya Mosolova) Source: Reuters

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Total Signs Deal to Supply LNG to China's ENN

Total SA has signed an agreement to supply liquefied natural gas to ENN Energy in China, according to a news release on the French energy company's website.   The deal is for 0.

Topaz Responder Saves Refugee Migrants

Topaz Energy and Marine has emerged as an unlikely player in the effort to save refugee migrants risking their lives on the sea crossing from Turkey to Greece’s islands in order to reach Europe.

Globus Maritime Reclassifies Board Member

Globus Maritime Limited, a dry bulk shipping company, announced today that when Georgios Karageorgiou, a Class I director of Globus Maritime Limited  resigned on December 28,

Offshore

Topaz Responder Saves Refugee Migrants

Topaz Energy and Marine has emerged as an unlikely player in the effort to save refugee migrants risking their lives on the sea crossing from Turkey to Greece’s islands in order to reach Europe.

Corima Acquires Damen ASD 2810 Tug

On 20 January 2016, Corima, part of the Italy-based Gesmar Group, held an official handover ceremony for a Damen ASD 2810 tug. The festivities were attended by

HHI to Localise Main Equipment for Offshore Plants

Hyundai Heavy Industries and Doosan Heavy Industries Collaborate in Localizing Main Equipment for Offshore Plants   Seoul, South Korea – February 4 – Hyundai Heavy Industries (HHI),

 
 
Maritime Contracts Maritime Security Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0816 sec (12 req/sec)