Oil & gas has been one of our principal practice areas in Russia since Baker & McKenzie opened its Moscow office in 1989. With our extensive experience in local industry issues and regulation, we have developed a unique understanding of the Russian oil and gas sector.
We advise clients on the general requirements of local oil and gas legislation, We help structure their entries into the sector both by acquisition of exploration and/or production rights directly from the State, or from private subsoil users operating under the relevant oil and gas licenses and contracts.We have substantial onsite due diligence experience in connection with acquisitions of oil and gas companies. We help clients on tax, customs and currency matters associated with the exploration, production, transportation and marketing of oil and gas. We also counsel on repatriation of sales proceeds and the implications of currency conversion risks.