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.
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
