Russia - 06

Russia: Government Likely to Reject Rosneft’s Midstream Fiscal Breaks Request

In the first test case following President Putin’s order to Sechin to stop challenging the government with demands for benefits, the cabinet will likely reject Rosneft’s request for fiscal breaks for its refineries. Sechin made the request last year, and in February, Rosneft First Vice President Pavel Fedorov suggested that the company would freeze the financing of its refinery upgrade program until it hears the government’s response.

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