News
31.03.2010
Russia. Export oil duties rate rises to $268.9/ton from April 1st
The rate of export duties on crude oil will increase from April 1, 2010 from $253.6 to $268.9 a ton. Prime Minister Vladimir Putin has signed a decree on March 29, N187 published today in Rossiyskaya Gazeta. Export duties on light oil products rise from $183.2 to $193.5 a ton, heavy oil - from $98.7 to $ 104.2 a ton. Export duties on propane, butane, ethylene, propylene, butylene and butadiene, other liquefied gases were set at $65 a ton instead of $80. Calcined petroleum coke will have zero export tax. On December 1st, 2009 the Russian Govt. introduced a zero duties rate on exports from a number of oil fields in Eastern Siberia.
Light oil products, subject to duties, include light distillates, middle distillates, benzene, toluene, xylenes. Black oil products are liquid fuel, oil, processed oil products, petroleum jelly, mineral waxes and similar products, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals.
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