Russia : Russia’s deal with OPEC on crude supply is starting to look straightforward — when compared with looming decisions on how taxes will be levied on the nation’s oil industry into the next decade.
The Duma, or lower house of parliament, will start discussing legislation on Thursday which aims to finally move the tax burden for Russian oil producers to the point of production rather than export, ending years of wrangling. The government now appears to be moving up a gear in pushing through tax changes, prompted partly by protests over surging gasoline costs after international crude prices rose to multi-year highs.
