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Archive for the 'Future Projects'

Russia cancels offshore drilling rig import duties

Russia has abolished for two years import duties and customs taxes for offshore drilling rigs temporarily imported to Russia for exploration work, the government said on Tuesday.
The measure is the first step toward a long-discussed reduction of taxes for energy companies exploring offshore fields, which are expected to contain massive oil and gas reserves but [...]

Wednesday, January 23rd, 2008

Gazprom against sharing Russian resources with foreigners

Russia’s Gazprom opposes foreign participation in the country’s oil and gas projects, according to a senior official of the gas giant. But additional pressure on foreign energy companies working in Russia could prove detrimental for the country’s investment climate.
Aleksandr Ananenkov is Deputy Chairman of the management committee.
“A handover of control over the [...]

Wednesday, December 26th, 2007

Russia may tighten equity deals with large fields

Russia's Resources Ministry will propose easing access to state auctions of large oil, gas or metal deposits by foreign companies but will tighten control over large equity deals, minister Yuri Trutnev said on Monday.
Analysts said the measure if approved would bring clarity to rules by which the Kremlin will treat foreign investors who have [...]

Tuesday, December 25th, 2007

PM proposes creating special econ zones in Sakhalin, Kamchatka

Russian Prime Minister Viktor Zubkov proposed at a government meeting Thursday creating special economic zones in the Sakhalin and Kamchatka regions.
Investors from Japan and South Korea may come to these regions if the right conditions are created for them, Zubkov said, following his trip to Sakhalin earlier this week.
Special economic zones in Russia enjoy lower [...]

Friday, December 14th, 2007

Competitors to struggle for orders within Barents Sea and Sakhalin projects

Russian offshore oil and gas projects that are worth tens of billions of dollars are a most important source of investment for development of manufacturing sectors of the Russian Federation.
The Russian offshore projects involve substantial capital investments and participation of international partners. Earlier, under the shared production agreements, Russian suppliers had to work with [...]

Sunday, November 11th, 2007

Surveying for oil, gas near Sakhalin ends

One round of surveying for oil and gas near Sakhalin and Kamchatka in Russia is complete.
Sakhalin Island-based company Dalmorneftegeophysics and Norwegian PGS Asia Pacific Co. said seismic prospecting for oil and gas deposits on the shelves of Sakhalin Island and the Kamchatka Peninsula has been completed. Three geophysical exploration vessels were exploring for hydrocarbon deposits. [...]

Thursday, November 1st, 2007

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