Russia Favoring Gas Over Oil Production [ANALYSIS] – ValueWalk Premium
Bank of Russia Ponomaryov

Russia Favoring Gas Over Oil Production [ANALYSIS]

Russian oil and gas firms have historically focused on production of natural gas rather than crude oil because of the differential taxes applicable on the two products. As a result, gas production has made up a larger chunk of the Russian oil and gas firm’s revenues as they concentrate on more lucrative gas production.

Tax on mineral resource extraction

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