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7:48 PM  January 30, 2019

Tomsk region authorities expect investments growth in oil industry

© предоставлено пресс-службой АО "Томскнефть"Tomsk region authorities expect investments growth in oil industry

TOMSK, Jan 30 – RIA Tomsk. Authorities of the Tomsk region expect an increase in the investment volumes in the oil and gasindustry by 5-6 billion rubles; with financing of national projects, the total volume should reach 100 billion rubles, the press service of the regional administration reports on Wednesday with reference to the deputy governor for economy Andrey Antonov.

Earlier it was reported that oil production volumes in the Tomsk region has been reducing for five years. If in 2014, 10.8 million tons of oil were produced in the region, then in 2017 – 9.8 million tons. According to the regional statistics office, crude oil production in the first six months of 2018 in the region fell by another 11.1%.

It was also reported that in December 2018, deputies of the Legislative Duma of the Tomsk Region adopted a regional law entering tax incentives for oil and gas companies investing in the development of production in the region (property tax rate will be 0.2% instead of 2.2% for property created and purchased after January 1, 2019). The exemption will be valid until 2024.

"Thanks to the new law, we additionally expect 5-6 billion rubles of investments this year (in the oil and gas sector - Ed.). The positive result will be also affected by the implementation of national projects. The goal for this year - is to reach a figure of 100 billion (rubles of investments in the regional economy)", – the press service quotes Antonov.

It is noted that in order to take advantage of the property tax concession, a subsoil user company must extract at least 4 million tons of oil per year in the region and invest at least 5 billion rubles in the development of its own production facilities. According to open sources, in the Tomsk region only the "Tomskneft" company meets these criteria.

It was also earlier reported that the volume of investment in projects of the Tomsk region in 2017 decreased to 95 billion rubles due to the reduction of investment programs of subsoil users and the macroeconomic situation. In 2018, the total investment in investment projects in the region was expected at the level of 90-100 billion rubles.

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