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TNK-BP will lose $450 million through benefits elimination for oil production
28.04.2011 12:42
TNK-BP will lose $450 million through benefits elimination for oil production

TNK-BP, Russia's third largest oil company in terms of reserves and crude oil production will lose about 450 million dollars due to the cancellation of benefits on the export of oil from Eastern Siberia.
      Russian Government is going to eliminate all privileges and benefits on oil export for three oil fields in Eastern Siberia: Vankor (Rosneft), Verkhnechonskoye field (TNK-BP) and Talakan field (Surgutneftegaz). According to the Ministry of Finance of Russia, this decision has been made because of the world high oil prices. Officials say this will not damage too much oil companies incomes.
Author: Ksenia Dzhalagonia


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