29 Oct 2019 19:00

Cargo flow along Northern Sea Route could grow to 120 mln tonnes by 2035 if oil producers get tax preferences - Rosatom

MURMANSK. Oct 29 (Interfax) - The flow of cargo along the Northern Sea Route could reach 120 million tonnes per year if "Arctic" tax preferences are introduced for oil producers, Maxim Kulinko, the deputy head of Rosatom's Northern Sea Route directorate, told Interfax.

"We think that in the optimistic scenario, the cargo flow will be about 120 million tonnes by 2035. If tax preferences are formalized now, preferences for oil, primarily in the Arctic zone, we believe this is a realistic forecast," Kulinko said.