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Export duty for Russian oil up

Oil&Gas Materials 1 February 2017 11:53 (UTC +04:00)
The export duty for Russian oil has increased by $10.4 to $89.5 on Feb.1 from $79.1 per ton in January.
Export duty for Russian oil up

Baku, Azerbaijan, Feb.1

By Leman Zeynalova – Trend:

The export duty for Russian oil has increased by $10.4 to $89.5 on Feb.1 from $79.1 per ton in January, according to the data released by the country’s Ministry of Economic Development.

The export duty for heavy oil has grown from $12 per ton in January to $13.9 per ton from Feb.1.

This is while the duty for export of naphtha from Russia rose from $43.5 to $49.2 per ton, while the export duty for gasoline has increased from $23.7 to $26.8.

The Ministry of Economic Development has said that the export duty for other light oil products and lubricants has increased from $23.7 to $26.8 per ton.

For 2017 as a whole, the Russian energy ministry forecasts oil production at 548-551 million tons, or 11.01-11.07 million barrels per day.

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Follow the author on Twitter: @Lyaman_Zeyn

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