Bloomberg News

Gazprom Sets Up Tax Lobby After Ministry Aims to Double Payments

October 10, 2011

Oct. 10 (Bloomberg) -- OAO Gazprom, the state-controlled monopoly exporter of Russian natural gas, set up a department to lobby the government on taxation after the Finance Ministry proposed doubling the company’s payments on mineral extraction.

The lobby will seek to “defend the company’s interests” in government negotiations and support “key infrastructure projects,” the company said today in an e-mailed statement.

The Finance Ministry proposed doubling the extraction tax from next year. The producer is also seeking tax breaks to develop offshore projects such as Shtokman and Prirazlomnoye in the Arctic, and gas developments in Russia’s Far East.

Karen Oganyan will head the department, Gazprom said.

--Editor: Tony Barrett, Amanda Jordan

To contact the reporters on this story: Anna Shiryaevskaya in Moscow at ashiryaevska@bloomberg.net; Stephen Bierman in Moscow at sbierman1@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net


Toyota's Hydrogen Man
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus