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Main pageMediaNewsExxonMobil requires lower income tax rate for the project "Sakhalin-1" up to 20% and return overpaid billions in taxes

ExxonMobil requires lower income tax rate for the project "Sakhalin-1" up to 20% and return overpaid billions in taxes

March 18, 2015
The American company ExxonMobil requires lower income tax rate for the project "Sakhalin-1" from 35% to 20% and return tens of billions of rubles overpaid, said Wednesday the newspaper "Kommersant". According to the newspaper, on Wednesday will arrive in Moscow president of the American ExxonMobil Rex Tillerson, he will meet with Finance Minister Anton Siluanov, Energy Minister Alexander Novak, Deputy Prime Minister Arkady Dvorkovich and President of "Rosneft" Igor Sechin. The main theme, according to the publication, will be the situation around the project "Sakhalin-1" where ExxonMobil is the operator and owns 30%. The American company wants to return the money overpaid as income tax in the project.
 
According to sources, publications, rate changes for the project ExxonMobil tried to achieve since 2009. "But the situation was calm, ExxonMobil on anything especially not insisted," - said one of the interlocutors edition, all the more so in 2011 the company became a strategic partner of "Rosneft". However imposed sanctions in 2014 dramatically changed the balance of power. The main areas of cooperation were frozen by the fall, ExxonMobil has estimated losses in Russia $ 1 billion and about two months ago rigidly raised the issue of tax, including threatening to appeal to the Stockholm arbitration. "Before the leadership of ExxonMobil task is to cut costs, close the old stories. In addition, the deadline expires on a possible claim under English law ", - told the newspaper one of the sources.
 
Exactly how much expects to return ExxonMobil, sources of "b" do not know. They only say that it is "tens of billions of rubles." Overpayment for 2014, for example, amounted to about 10 billion rubles, the newspaper notes. The unit Deputy Prime Minister Arkady Dvorkovich, the Ministry of Finance, Ministry of Energy, "Rosneft" and ExxonMobil declined to comment yesterday.
 
As recalled by the newspaper, "Sakhalin-1" is realized on the basis of a production sharing agreement (PSA). The project includes three oil and gas fields: Chayvo, Odoptu and A-D on the northeastern shelf of Sakhalin. Potential recoverable reserves of 307 million tons of oil and 485 billion cubic meters of gas.
 
 
March 18, 2015
"Kommersant"