20 Jul 2009 10:25

Govt enacts special export duty for oil from 13 East Siberian fields

MOSCOW. July 20 (Interfax) - The Russian government has approved a special export duty for crude oil extracted at 13 fields in Eastern Siberia under a resolution signed by Prime Minister Vladimir Putin and published on the government's web site.

The special export duty will apply to the Vankor, Yurubcheno-Tokhomskoye, Talakanskoye (including the eastern block), Alinskoye, Srednebotuobinskoye, Dulisminskoye, Varkhnechonskoye, Kuyumbinskoye, Severo-Talakanskoye, Vostochno-Alinskoye, Pilyudinskoye and Stanakhskoye fields, as well as the Verkhnepeleduiskoye gas condensate field.

The special export duty, which will be in effect for nine months, enters force two months after the official publication of the resolution.

The Energy Ministry and the Natural Resources and Ecology Ministry have until August 1 to approve the procedures for certifying that a given lot of oil has been extracted from those fields.

The Federal Customs Service jointly with the Energy Ministry, Transneft and Russian Railways (RZD) have until August 1 to approve customs procedures for the export of oil from the fields.

The document published on the government's web site does not include the attachment specifying the size of the special duty or the customs nomenclature that will apply to oil from the 13 fields.

The government approved reducing the export duty on oil produced at Eastern Siberian fields to zero at a session in Kirishi in February. The appropriate draft resolution was submitted to the government in June. That document called for assigning oil from the fields its own customs nomenclature.

Various options for implementing that decision had been examined, in particular, compensating the oil companies for the export duties they pay on the Eastern Siberian oil.