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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.

Increased royalties on gas production and 70% non-gas extracting companies put on the brink of extinction. The rate of 70% would result in an outflow of investment and reduce domestic gas to a critical minimum. Experts believe that taking the decision to raise the rent, the state took care of short-term profits rather than the long-term prospects.

In late January, the Cabinet adopted a resolution to expel monitoring and scientific support subsoil of the Order granting special permits. However, monitoring and scientific support subsoil is one of the mandatory items special conditions of a special permit and work program. GEOnews.com.ua asked for comment to the deputy director of the Ukrainian State Geological Institute Oleg Zur'yana.

Association "Subsoil users Ukraine" became part of the Ukrainian part of the Ukrainian-Georgian Business Council at the UCCI. The Constituent Assembly held on February 26 this year. The council included 32 specialized industrial organization in tital. Information on the composition of the board will be sent to the Chamber of Commerce of Georgia.

State-owned companies of Ukraine in 2015 are likely to reduce gas production due to reduction of the price to 349 UAH per 1 thousand cubic meters. This was said in the chapter on ICTV "Naftogaz of Ukraine" Andrew Kobolev, reports UNN. "This year we are planning that gas state companies of Ukraine will be reduced. The investigation - a price reduction 349 UAH per 1 thousand сubic meters. In all, sooner or later you have to pay," - he said.

Representatives of the oil and gas industry in Germany called on the government to make an effort to support future domestic production with  the new rules of freking  and technological development. The Ministry of Environment is preparing a legal framework for regulating drilling and promises strict environmental audits, which include a ban on drilling in water protection zones.

Mining companies reduce costs by eliminating the norms of geological monitoring and scientific support. The need for geological monitoring has been the most controversial topic among subsoil, geologists and other industry professionals. But now the question is solved: CMU adopted a decree №42 of January 28, 2015 according to which the norm of conduct geological monitoring is excluded from the Order of granting special permits for subsoil use.

Hard times coming for Ukraine's domestic gas extraction. Verkhovna Rada, country's parliament, raised the production tax for the gas companies up to 70 percent during the March 2 session, while previously the rate was 20 percent. This covers all the gas extraction up to 5 kilometers from the surface. Decision affects private companies, a source of 3.3 billion cubic meters of blue fuel last year, the most.