non-financial development institution
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Борисов Денис
Denis Borisov
Director, Moscow Oil and Gas Center, EY
Russian Energy Week 2018
Increasing the Efficiency of Oil Production: Responding to the Challenges
If you look at the current economics of the projects, the prime costs for Western Siberia are about RUB 6,000 per tonne, while taxes amount to more than RUB 20,000. Consequently – no miracles there – the geological mining conditions are deteriorating, so the share of the pie where we can afford to levy such high taxes on existing projects will gradually decrease. The state should be ready for this