international magazine
02 / 2004


TAMAZ SOMKHISHVILI:
no more easy barrels



This is the story of a working upstream project developed in the Tomsk region in Siberia. This cationary example highlights the distortions in taxation in the oil industry which eventually can bring the development of projects on remote oil fields in Siberia and the Russian Far North to the brink of ruin and obstruct the inevitable march of Russian oil producing industry to the «final frontiers».