Debevoise & Plimpton

Changes to legislation aimed at providing incentives for hydrocarbon production at offshore deposits

On 30 September 2013, Russia’s president signed into law Law No. 268-FZ, which amends the Tax Code, the Customs Duties Law and the Continental Shelf Law, with the aim of providing incentives for hydrocarbon production at subsoil sites situated within the following boundaries:

  • inland seas and/or territorial waters of the Russian Federation; and/or    
  • the continental shelf of the Russian Federation; or
  • the Russian portion/Russian sector of the Caspian Sea bed.

The incentives provided for by Law No. 268-FZ for hydrocarbon production at Offshore Deposits include the creation of a set of tax incentives; exemption for a certain period of time from customs export duties for certain types of hydrocarbons exported from Russia and obtained/produced from the development of a number of Offshore Deposits; and enhancement of the legal regime governing the creation, operation and use of Shelf Facilities…

If you are registered and logged in to the site, click on the link below to read the rest of the Debevoise & Plimpton briefing. If not, please register or sign in with your details below. 

Sign in or Register to continue reading this article

Sign in

Register

It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer

 

Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.

 

Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.

 

Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from Debevoise & Plimpton

View more briefings from Debevoise & Plimpton

Analysis from The Lawyer

  • Shell

    Shell: taking the power back

    Shell legal director Peter Rees is switching litigation control away from external counsel to a unified global team of in-housers

Browse This Firm’s

Overview

Old Broad St
London
EC2N 1HQ
UK