A new look at the arctic resources

... years (for the first category of projects) up to 15 years (for the fourth category of projects) starting from the beginning of the commercial development, but if the global oil prices go below 60 USD/barrel, tax rates can be reduced. Platform “Prirazlomnaya” The government expects these actions to attract about $500 b to the offshore projects over 30 years. At the same time the above mentioned tax benefits are aimed to foster the prospecting and exploration of new fields and should not ...