OILPRICE
Russia could extend the timeline for its oil production growth by at least five to seven years and attract “several hundred billion rubles” in additional investment into its oil industry each year if it adopts a range of incentives for the sector, Deputy Energy Minister Pavel Sorokin told the TASS news agency on Monday. Russia’s finance and energy ministries are currently discussing how to incentivize the country’s oil industry amid expectations that current fields and regions with benefits will exhaust their growth potential as early as in 2022-2023...Read more>
Russia could extend the timeline for its oil production growth by at least five to seven years and attract “several hundred billion rubles” in additional investment into its oil industry each year if it adopts a range of incentives for the sector, Deputy Energy Minister Pavel Sorokin told the TASS news agency on Monday. Russia’s finance and energy ministries are currently discussing how to incentivize the country’s oil industry amid expectations that current fields and regions with benefits will exhaust their growth potential as early as in 2022-2023...Read more>