The proposed tax changes will also affect the oilfield services and the regions, according to Gazprom Neft

The proposed tax changes will also affect the oilfield services and the regions, according to Gazprom Neft

The proposed tax changes in the long term will significantly affect not only the oil industry, but also oilfield services, equipment manufacturers, and regional budgets. This position of “Gazprom Neft” was presented by the press service of the company in response to an inquiry from “Interfax”.

“Projects in the oil industry have a long implementation cycle, so a stable tax regime is very important when planning and assessing their effectiveness. It is difficult to assess how the increase in the tax burden will affect the volume of the company's investments, but it can be assumed that in the long term this impact will be obvious and significant, will affect not only the oil industry, but also oil service companies and equipment manufacturers, as well as regional budgets, “the message says.

“The company is in dialogue with the government to discuss changes in the tax regime for the oil industry. The proposals are under evaluation, and the company considers it premature to voice them. At the same time, Gazprom Neft (MCX: SIBN) positively evaluates the experiment with the introduction of income tax, as it allowed to develop projects with complex reserves, the development of which, given other tax parameters, would be unprofitable in principle. The company hopes that the industry and the government will come to a compromise solution that will be effective for both business and the budget, “Gazprom Neft stressed …

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