Reforming Taxation of the Oil Sector in the Russian Federation
Article from: OGEL 1 (2005), in Taxation
Summary
"Russia is important to world energy markets because it holds the world's largest natural gas reserves, the second largest coal reserves, and the eighth largest oil reserves. Russia is also the world's largest exporter of natural gas, the second largest oil exporter, and the third largest energy consumer." [1] There are concerns about reserve replacement, about the flow of investment and about the maintenance of government revenue from the petroleum sector. The domestic legislated petroleum tax system once again assumes central importance for all existing and ...