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Russia sees tax reform yielding 1.4-2 mln boepd new output

LONDON, Oct 9 (Reuters) - Russia aims to bring on line 1.4-2million barrels of oil equivalent per day with new tax reformsdesigned to reduce the levy on future projects and codify ad-hocdiscounts currently in force, Energy Minister Alexander Novaksaid on Tuesday.

Tax holidays extended under the packages are expected tocover 50 fields in East Siberia. The ministry estimates themoves will render profitable some develop 37 billion barrels ofoil equivalent, or 20 percent of Russia's reserves.

Among them are major undeveloped fields whose licenceholders say they need tax relief to put them onstream.

(Reporting by Melissa Akin; Editing by Andrew Callus)

((melissa.akin@thomsonreuters.com; +7 495 775 1242; ReutersMessaging: melissa.akin.thomsonreuters.com@reuters.com))

Keywords: RUSSIA ENERGY/