26 Feb 2010 10:57

Export duties on oil as of March set at $253.6 per tonne, zeroed rate on Eastern Siberian oil extended

MOSCOW. Feb 26 (Interfax) - The export duty on oil in Russia as of March 1, 2010 will decrease from $270.7 per tonne to $253.6 per tonne, according to a Russian government decree signed February 24 and published in Rossiiskaya Gazeta.

In addition, the zeroed custom on oil from Eastern Siberia is being extended.

The duty for light petroleum products will be lowered from $194.7 to $183.2 per tonne and on heavy petroleum products, from $104.9 to $98.7 per tonne.

Exports duties on liquefied natural gas will continue to increase, up an additional 23% to $80 after a 40% increase in February.