... in tax policy could affect the fuel sector and what opportunities it presents for entrepreneurs. Read the detailed analysis in my article. The expansion of the Additional Income Tax (AIT) regime, which now covers more than half of Russia's taxable oil production, has played a key role. Revenue from AIT increased 2.5 times in the first half of 2024, rising from RUB 403 billion in January–June 2023 to RUB 1.042 trillion in January–June 2024, according to data from the Ministry of Finance. Over the ...

... Russia's oil sector, as well as potential ways to adapt the economy to the new conditions. The structure of oil and gas revenues in the Russian budget helps mitigate the risks of a decline in global oil prices, Sergey Tereshkin, CEO of the petroleum product marketplace Open Oil Market, said in a conversation with RIA Novosti. According to him, one of the serious risks to Russia's budget system in 2025 will be a drop in raw material prices. The OPEC+ alliance, at its most recent meeting last week, extended the validity ...

... equipment from China is a promising direction that allows for good profit potential. However, it comes with its nuances. To navigate this field, including its strengths and weaknesses, we can turn to the successful entrepreneur and founder of "Oil Resource Group," Sergey Tereshkin. Comprehensive information about this entrepreneur's activities can be found on the website: www.sergeytereshkin.ru . Advantages Acquiring equipment for business and industrial production in China has several advantages: Price. This is one of the main benefits. The cost of equipment is significantly lower than similar products from European or even domestic manufacturers available on the secondary market, i.e., previously used ...

... methods to enhance efficiency and increase production volumes. Oil Refining and Petrochemicals: TANEKO Complex: The company is allocating significant funds to expand and modernize the TANEKO refining complex, which allows for a deeper processing of oil and the production of high-quality petroleum products. Environmental Projects: Emission Reduction: TATNEFT is implementing programs to minimize its environmental impact, including projects aimed at reducing greenhouse gas emissions and improving waste management ...

... when oil prices collapsed. As for extending the application of the investment surcharge on reverse excise duty for oil until January 1, 2033, Tereshkin believes that this measure will support the industry. The investment surcharge is intended for oil refineries (ORFs) whose production of petroleum products accounts for less than 75% of the volume of primary oil processing but who invest in modernizing the refineries. In the first half of 2024, the investment surcharge accounted for 6% of subsidies to refineries, including ...