Gazprom’s Prirazlomnoye oil field will get a 50 percent duty break on its overseas shipments, while exporters of high-viscosity oil will pay just 10 percent of the current rate, a Finance Ministry official said Friday.
Alexander Sakovich said that under new regulations, Gazprom will pay $173 per ton of oil from Prirazlomnoye, Russia’s first Arctic offshore development, which has been plagued by delays.
Exporters of high-viscosity crude will pay $36.90 per ton starting July 1, he said. The standard oil export duty rate will decrease by 12 percent in July to $369.30 per ton from $419.80 a month earlier.
The government officially announces the export duty at the end of each month.
The duty rate for June will be calculated based on seaborne Urals URL-E crude oil prices between May 15 and June 14, inclusively. The average price during the monitoring stood at $102.65 per barrel, Sakovich said.
Under the 60-66 taxation regime imposed in October, the export rates for refined products, excluding gasoline, will be reduced to $243.70 per ton from $277 in June.
The protective rate imposed on gasoline and naphtha to prevent shortages on the domestic market will decline to $332.40 from $377.80 per ton, Sakovich said.