Name: Fiscal systems for oil in Russia
Brand: Wood Mackenzie
SKU: 23589
Price: 1350 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Insight 21 August 2015

This report is currently unavailable

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

Submit Category

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders

*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

Report summary

The Russian government has recently backed a profit-based oil taxation initiative but the bill still needs to be passed. Low oil prices have heated up the taxation debate between the government and the industry. Current taxation is suitable for maintaining production at low-cost fields. 10 oil tax incentives have been introduced since 2007 for higher cost projects. Profit-based taxation could become a long-term solution if a suitable mechanism for tax deductible capital expenses is established.

Executive Summary
- Russian standard oil taxation in brief
- What is driving oil tax changes?
- Analysis of existing oil tax incentives
  - Regional incentives
  - Hard-to-recover oil incentives
  - Offshore incentives
- What’s next for Russian oil taxation

Tables and charts

This report includes the following images and tables:

Pre-tax cash flow split* for a sample mature field under standard taxation in 2015Marginal and effective oil MET and ED rates in 2015Government share* of sample projects under standard taxation in 2015

Cost sensitivity of government share* under standard taxation in 2015, at US$50/bblOil tax incentives timelineApplication of oil tax incentivesReduced MET and ED shown as a proportion of standard tax terms for various oil tax incentives, at US$50/bblGovernment share comparison under various oil tax incentives in 2015, at US$50/bbl