Rosneft’s Arctic Projects In Trouble Unless They Can Secure $40 Billion In Tax Subsidies From Kremlin
On Thursday October 10, The Moscow Times reported that Rosneft’s ambitious Arctic plans could be put on hold if the company fails to secure 2.6 trillion rubles ($40 billion) in tax cuts from the Russian government. The state-owned oil company is looking to sell a 40% stake in one of its most …