News
Publish date: September 12, 2005
News
According to the Sevmorneftegaz general director Ivan Chernov, the project development is aimed at the production sharing agreement. We have contemplated not to pay custom duties for ordered equipment and value added tax during the period of the project implementation. Nowadays the project costs1.4 billion dollars, Agency of Oil Information reports.
“If they do not sign the production sharing agreement, the company will have to pay sufficient sums, not accounted in the project, Chernov underlined. He did not comment how high its costs would be if the project is implemented in the frames of the ordinary tax regime.
Sevmorneftegaz relies on the Russian State Duma, which should accept corrections to the Federal Law about production sharing agreement concerning the Shtockman and the Prirazlomnoe fields this year.
An accident aboard numerous Volgoneft oil tankers in the Kerch in mid December clearly show what can happen to aged ships when they are operated in bad weather—and when economic and military objectives are prioritized over the lives of crews and environmental safety.
In this news digest, we monitor events that impact the environment in the Russian Arctic. Our focus lies in identifying the factors that contribute to pollution and climate change.
A survey of events in the field of nuclear and radiation safety relating to Russia and Ukraine.
A visit last week by Vladimir Putin and a Kremlin entourage to Astana, Kazakhstan sought in part to put Rosatom, Russia’s state nuclear corporation, on good footing with local officials.