SRI: Russia needs to improve oil tax, export incentives

Russia needs to establish favorable oil taxation and exportation rules as incentives for independent exploration and production companies, speakers said at the second annual Russian-US energy summit sponsored by Strategic Research Institute LP in Houston late last month."While the vertically integrated companies in Russia continue to thrive, small enterprises there have suffered difficulties due to their continued inability to gain capital and support," said Elaine Kleiner, president of Houston-based consulting firm Elite Sources Inc.Kleiner said small Russian oil companies offer unique investment opportunities for independent oil producers from the US, Canada, and Europe. Investors from...

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