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Former head of Rosneft asked the government for privileges for Khabarovsk refinery - EastRussia | Far East

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Former head of Rosneft asked the government for privileges for Khabarovsk refinery

The owner of "Neftegazholding" Eduard Khudainatov asked the Russian government to provide benefits to the Khabarovsk refinery as part of the tax maneuver. If the request is approved, the company will receive in the next five years from the budget up to 50 billion rubles.

As the RBC, the former president of Rosneft, asked the plant to provide the so-called regional coefficient, which has already received some refineries as part of the tax maneuver. It assumes a gradual zeroing of export duties on oil and oil products and growth of mineral extraction tax in 2019-2024. When the duties are zeroed, the refinery is deprived of the so-called customs subsidy, but for individual plants it is returned through a refundable excise tax. At the same time, enterprises located far from the sales markets received regional upward ratios - an increased return excise. "Neftegazholding" asked to provide the Khabarovsk refinery with an increase factor of two or at least 1,6.

The request to support the Khabarovsk refinery was considered in mid-July at a meeting with Deputy Prime Minister Dmitry Kozak, who oversees the fuel and energy complex. He instructed the relevant departments to work through this issue until 1 September.

The Khabarovsk refinery was also requested to be supported by German Gref, Chairman of the Board of Sberbank. Sberbank is a major creditor of the Khabarovsk refinery: in 2013, it issued a 10-year loan to the plant in the amount of 700 million dollars. In July, Gref wrote to Putin that a tax maneuver could lead to an unrewarding investment in the modernization of the refinery and even the bankruptcy of a number of medium-sized factories.