The Ministry is not considering financial support for oil and gas companies

The Ministry is not considering financial support for oil and gas companies


The government is ready to provide oil and gas companies support in the sphere of simplification of administrative procedures. But the possibility of providing financial support in the current environment is not considered, said energy Minister of Russia Alexander Novak.

MOSCOW, 23 Jan. The Ministry of energy of the Russian Federation in the current environment is not considering the possibility of providing financial support to oil and gas companies or tax incentives, told reporters energy Minister Alexander Novak.

“With regard to additional measures of support, they may not be monetary in nature, of course, because today hardly anyone speaks, even industry representatives about any additional support regarding the money or tax incentives. More in the simplification of some administrative procedures, administrative barriers… the government has simplified the work of the oil companies,” said Novak.