Russia's export duty for crude could rise $9.70 to $273.50 per ton beginning on September 1, up from the current $263.80, while the duty on crude produced in East Siberia could rise $6.70 to $87 per ton, the Oil and Gas Information Agency reports based on the average price of crude according to monitoring reports by the Energy Ministry.
"The average monitored price from 15 July to 14 August this year was $76.48659 dollars a barrel and the limit on the level of duties can be $273.504 dollars per ton", the head of the Russian Finance Ministry's calculations department, Aleksandr Sakovich, said.
According to RIA-Novosti, this means that the crude export duty beginning on September 1 could be $273.50 per ton and the discounted rate for crude produced in East Siberia would be $87 per ton.
Russian Crude Export Duties Set To rise $9.70 On September 1
Source : Oil and Gas Eurasia