Russia To Reduce Taxes and Build Gas Wells According to Putin Aide

Filed in archive Current News on December 11, 2006

Igor Shuvalov, an aide to Russian President Putin said that Russia could reduce its oil prices by reducing its taxes if the Stabilization Fund, a fund that accrues surplus revenues from high world oil prices, exceeds $100 Billion, according to this article.
The article adds that Russia is welcoming foreign companies for the development of Shtokman, its gas field project off Russia's Arctic coast with Gazprom, the state controlled energy giant.

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Tags: Russia Putin Igor Shuvalov Stabilization Fund Shtokman Arctic coast Gazprom Energy energy wells+acc

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