Oil production in Russia will decrease by 25-30 million tons of oil per year tax burden on fuel and energy companies continues to grow , Rosneft head Igor Sechin said on while the Tuesday .

In his speech at the VTB Capital forum “Russia is calling!” the head of Rosneft warned that the situation with investment programs in the industry is worsening after the decision was made to maintain the oil export duty at the current level. “If the trend continues, over the next 3 years we will experience the risk of a decline in oil production by 25-30 million tons of oil annually, which will produce a negative budget effect , quotes Sechin as saying ” Interfax .

Sechin said that the current stability of oil production was achieved as a result of investments of past years, so they need to be supported, and not withdraw the resource from existing investment programs.

He emphasized that the reefs of natural monopolies should be based on the cost of pumping oil and gas, and not the price of raw materials on world markets . “ The increase in tariffs of natural monopolies should reflect mainly the increase in costs necessary to increase the availability of services ” , Sechin said. He spoke about the situations that faces Rosneft . price when natural monopolies are based not on the cost of pumping or transporting oil or gas, but on their market And he gave an example when a company in Russia is forced to pay for the services of natural monopolies in foreign currency. “ Where is the effect of devaluation here? “ - said the head of Rosneft.

Sechin predicted a drop in oil production by 30 million tons due to export duties