Tax overhaul heaps pressure on Russian refiners
Joe Murphy, Petroleum Economist
July 19, 2019
Who was cited:
Dora Polgar, Senior Analyst - FGE
Russia's biggest oil tax overhaul in decades is having a profound impact on its refining sector, forcing operators to upgrade their plants or risk being forced out of the market. The changes introduced this year have also put pressure on domestic fuel prices—a politically sensitive issue—and could spur further consolidation of the industry.