Russian oil export duty rises by by $8.2

Russian oil export duty rises by by $8.2

Russia's oil export duty is expected to rise to $96.1 per tonne in November from $87.9 per tonne in October, data from the Russian finance ministry showed on Monday.

The rate is calculated by the finance ministry and is based on the monitoring of seaborne Urals crude oil prices from Sept 15 until Oct 14 ($55.56 per barrel).

The oil export duty for high viscosity crude will be $15.1.

The oil export duty for light products and gasoline will be $28.8, for heavy products - $96.1, for naphtha -  $52.8, for LPG - $0, for petroleum coke - $6.2.

The discounted rate for crude produced at newer fields in eastern Siberia, fields operated by Lukoil in the Caspian Sea as well as Gazprom Neft's Prirazlomnoye offshore Arctic field.

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