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Russian Oil Firms Challenge Jump in Flaring Fees, Vedomosti Says

Russian oil companies are preparing to appeal collectively against a 22-fold increase in fees for the burning of associated petroleum gas, Vedomosti reported, citing two unidentified employees of the companies.

A letter from the oil companies will request that the Ministry of Natural Resources increase the fees gradually over the next two years, the newspaper said.

To contact the reporter on this story: Jason Corcoran at Jcorcoran13@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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