The government is preparing new changes to the taxation of the oil and gas industry. In particular, the profit tax for Transneft may be raised from the current 20% to 40%. Other proposals that will be sent to the State Duma in the near future include an updated calculation of the Urals oil tax quote, zeroing the mineral extraction tax(MET) for hard-to-recover gas production in Yamal, and measures to support oil refining.
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