LUKOIL REQUESTS TAX RELIEF FROM RUSSIAN GOVERNMENT AFTER Ural oil price slump. The private oil giant demands reductions in tax burdens and compensation payments to offset a 50% discount to international prices. It proposes a cap of $10-$15 per barrel. Russia’s central bank notes the price gap has risen from 17% to 23%. The government says the situation is temporary and exporters have adapted, but Lukoil warns that without changes it could face huge future payments to the state. Author: Bianca Dumbraveanu.
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