Russia plans to cut the export duty on super viscous oil to 10% of the existing rate, which is calculated every month based on crude-oil prices, the Kommersant daily reported Wednesday.
Russia
plans
to cut the export duty on super viscous oil to 10% of the existing rate, which
is calculated every month based on crude-oil prices, the Kommersant daily
reported Wednesday.
The new tax regime, which is to be introduced
July 1, 2012
, will benefit such companies as OAO Lukoil
Holdings (LKOH.RS), Tatneft (TATN.RS)and Alliance Oil.
Russia
's
energy ministry estimated that oil companies will be able to save as much as
$1.3 billion as a result, the daily said.
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