News // Russia
Russian Export Gas To Rise In Price
21 October 2004 , 09:30569
Russia is likely to raise its oil product export customs duties to $57 per ton from the current $45.4, which is up some 25.6 percent. Russian Prime Minister Mikhail Fradkov has signed the resolution on the new duty.
The change will be on effect in a month after its official publication.
The new duties will apply to light and medium distillates, liquefied gases, oil refining residue and some other oil products.
Russian President Vladimir Putin promised in late August that Russia will continue to increase oil production and exports to world markets, estimating that the oil output and exports will reach 450 million tons and 255 million tons respectively this year.
As the second largest oil exporter in the world, Russia produced 421 million tons of oil with an export volume of 228 million tons in 2003.
16:01 04.02.2019Russia has 2nd-lowest gas price in Europe
00:03 11.06.2018Feature: Russia nears finalizing oil tax reform by mid-2020s
14:06 08.06.2018Moscow and oil companies agree on oil export duty phase-out
14:25 10.05.2018Total to Make Significant Equity Investment in Clean Energy Fuels Corp and Drive Deployment of Natural Gas Heavy-Duty Trucks
18:00 27.04.2017Belarus-Russia oil and gas agreements honored in full
10:01 23.05.2014Offshore Marintec Russia - a new platform for demonstration of modern technical solutions at all stages of development of the shelf.