Novak announced plans to modernize the refinery, which will increase gasoline production
By 2028, it is planned to attract about 1 trillion rubles of investments in the modernization of oil refining plants in Russia. This was announced by Deputy Prime Minister Alexander Novak during the government hour in the Federation Council.
Russia and Vietnam to exchange privileges in oil and gas industry
Russia will be able to increase its presence in Vietnam’s hydrocarbon projects, in exchange for providing Rusvietpetro with MET benefits.
Russia will help North Korea in the exploration of hydrocarbons at sea
The Ministry of Natural Resources of Russia has agreed on joint geological exploration at offshore hydrocarbon facilities in North Korea, and is discussing exploration for gold, iron, and REM.
Russia can build oil pipeline in South Sudan
South Sudan is looking for investors in Russia to build an oil pipeline.
Hard-to-Rach can increase tax incentives
The Ministry of Energy and the Ministry of Finance are discussing granting companies a deduction for mineral extraction tax for the development of hard-to-recover oil and gas reserves up to a certain coefficient of cost recovery of the subsoil user.