RUSSIA STILL CORRUPT – BUT AT LEAST THEY’RE GETTING IFRS, SAYS SHELL’S MOSCOW TAX MANAGER
January 1st, 2013
WHEN it comes to the oil and gas sector, few countries can match Russia's investment opportunities. The country's oil production in 2012 reached 518 million tonnes while reserves grew by 681 million tonnes. This multibillion dollar industry accounts for about half of the Russia's budget revenue, but just as it is lucrative, it is also difficult to manage. Just ask Andrey Sukhov.He works as an upstream business tax manager for Russia, Ukraine and the Caspian region with Shell Exploration and Production Services and knows firsthand of the challenges associated with ...
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