Gazprom Neft drafts tax policy proposals for energy sector in 2015-2017
MOSCOW. Nov 25 (Interfax) - Gazprom Neft has drafted a number of proposed tax policy changes affecting the fuel and energy sector in 2015-2017, the company said in materials presented at a tax forum in Moscow on November 25.
The proposals include extending to the end of 2021 the discounted natural resource extraction tax (NRET) for oil produced at fields in Eastern Siberia (Irkutsk region, Sakha (Yakutia) and Krasnoyarsk territory) and at field in Nenets autonomous district and on the Yamal Peninsula in Yamalo-Nenets autonomous district.
Gazprom Neft also proposes additional tax incentives for geological exploration, specifically, application of a scaling co-efficient for geological exploration costs that would be deducted from the tax basis when calculating the profit tax.
In order to encourage further exploration of fields already in production, the company proposes providing additional tax incentives for applying technologies to boost wellhead flows, including the alkali-surfactant-polymer (ASP) method. Specifically, Gazprom Neft proposes reducing NRET for oil from fields where ASP is in use to a level that would offset the higher costs of that method.
The company also proposes classifying oil rim reserves as difficult-to-extract, so that a reduction factor can be applied to the NRET for oil produced from those reserves.
