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Thursday, June 01, 2006

Russia introduces new oil export duty

RBC, 01.06.2006, Moscow 09:31:33.– Russia's oil export duty will be set at a record high of $199.8 per ton based on Prime Minister Mikhail Fradkov's decree signed on May 18. The oil export duty will be raised from the current level of $186.4 per ton of crude and bituminous crude petroleum products. The new export rate is based on the world Urals price that had remained stable at around $67 per barrel until late April. The export duty on light petroleum products will amount to $146.9 per ton, and that on dark petroleum products to $79.2 per ton.

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