Low oil prices have affected Russian petroleum companies and government revenues">Low oil prices have affected Russian petroleum companies and government revenues
(Thu, 20 Oct 2016) Russian federal revenue from oil and natural gas production has declined significantly in response to low oil prices. However, Russian oil and natural gas companiesâ capital investment programs have been less affected, if at all. Russiaâs two main hydrocarbon taxes are calculated by formulas that result in lower tax rates at lower crude oil prices.
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