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The Siberian Research Centre on behalf of the Tyumen Oil Company
submitted to Tyumen administration a draft production-sharing
agreement for extraction of oil in Uvatsk area. The item on the
division of profit is one of the key items in the agreement. The
investor gets 80% (The Tyumen Oil Company in this case), and 20%
go to the federal and regional budgets, as well as the budget
of Uvatsk area (the proportion in this case has still not been
defined). The Economic Department of the regional administration
forwarded their conclusions to the Deputy Governor Vladimir Yakushev,
writes the “Tyumenskaya Liniya” information agency.
Acting Director of the Economic Department Alexei Yanin thinks
that some provisions of the draft may be changed. “The work on
the draft will continue for several months, he said. However,
we have only taken the first steps.”
According to the experts of the Economic Department, the production-sharing
agreement should attract investors and increase the tax base in
the region and also facilitate the exploitation of new deposits
of the region. The regional budget annually receives s over 300
million roubles from oil extraction in the Uvatsk area.
See also:
Production-Sharing
Agreements
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