Reuters reported today that Russian Prime Minister Vladamir Putin has approved a package of stimulus measures to increase oil production. "We have to send a clear signal to both domestic and international companies, to stimulate them to work in such a difficult - but at the same time prospective - sector," Putin said. The tax relief measures include a sliding scale of tax breaks from 50% to 100% for production of unconventional resources in the mature oilfields of Western Siberia.
The United States Geological Survey (USGS), in it's Assessment of Potential Oil and Gas Resources in Source Rocks of the Alaska North Slope, 2012, estimates that Alaska's North Slope could have up to 2 billion barrels of technically recoverable shale oil and 80 trillion cubic feet of shale gas resources.
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