According to Vedomosti, the Ministry of Energy has suggested introducing differentiated MET rates for
Currently, not all wells have the equipment necessary to measure the amount of crude oil produced (on average, accounting occurs on well pads, rather than on specific wells). Moreover, some fields produce from multiple production layers. As a result, it would be quite hard to implement the aforementioned methodology. However, the plan to create a financial incentive to increase crude oil production is positive for sentiment and again supports our view that the oil sector is subject to tax subsidies rather than tax hikes.