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Russia Offers to Scrap Tax on Gas Exports to China, Says Rosneft Chief

Russia has offered to scrap extraction taxes for gas supplies designated for China, while Beijing is also looking to abolish import taxes for Russian gas, Russia's top oil producer Rosneft said Tuesday.

"We are talking about deposits that will be a source for gas supplies to China market. This is a very smart and valuable proposal that can become a basis for compromise," Rosneft CEO Igor Sechin told reporters.

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