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Russian Oil Faces Next Challenge Now That OPEC Deal Is Complete
Oil storage tanks at the pumping station. The Samotlor oil field near Nizhnevartovsk, Russia, March 20, 2017. Samotlorneftegaz is one of the largest extracting enterprises of Rosneft, which is developing the central and south-western part of the Samotlor oil and gas field, one of the largest fields in Russia. The area of the license block of Samotlor, developed by Samotlorneftegaz is 1,751 sq. meters. At the field there are about 8,300 production wells and more than 2,700 injection wells, with the latest high-tech equipment. The length of the oil pipelines – 1,140 km, water pipelines – 1,223 km, other pipelines – 2,833 km.

Russian Oil Faces Next Challenge Now That OPEC Deal Is Complete

Russia : Russia’s deal with OPEC on crude supply is starting to look straightforward — when compared with looming decisions on how taxes will be levied on the nation’s oil industry into the next decade.

The Duma, or lower house of parliament, will start discussing legislation on Thursday which aims to finally move the tax burden for Russian oil producers to the point of production rather than export, ending years of wrangling. The government now appears to be moving up a gear in pushing through tax changes, prompted partly by protests over surging gasoline costs after international crude prices rose to multi-year highs.