Page 1 - FSUOGM Week 24
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Issue 1080 17•June•2020 Week 24
Betting on gas
Russia’s energy strategy until 2035 forecasts a growth in gas production, while oil
output will remain stable or decline.
Russian tax hit
Russia’s trial of a profit-based tax system has been described by its deputy
finance ministry as a mistake, costing the treasury $3bn last year.
Missing the mark
Kazakhstan exceeded its OPEC+-set production quota in May and will have
to make back the difference later in the year.
Gazprom’s Q1 loss
Russia’s Gazprom swung to a net loss in the first quarter, according to
Russian accounting standards, on weaker revenues.
