Varandey oil terminal re-registered
The Varandey oil loading terminal has been re-registered from Arkhangelsk Oblast to the Nenets Autonomous Okrug. That means more tax money for the Nenets AO administration
The terminal was first registered as part of the Arkhangelsk Port, newspaper Naryana-Vynder reports. The terminal started to load tankers with oil from the Nenets AO on June 9. The registration the terminal built for of 6.3 billion RUB is considered a very important achievement for the okrug’s authorities, especially now as crisis has hit also this oil-rich region. The main source of income for the okrug’s budget stems from taxes from oil companies. Now, the tax revenues from the oil terminal (about 140 million RUB per year) will come to the okrug budget. BarentsObserver Naryan-Mar
