Vodka output rose 3.7 percent in 2010 to 95.4 million dekaliters, the State Statistics Service said Wednesday. (Bloomberg) Activity in the Oil and Gas sector (including regulatory) Russia May Raise Oil Export Tax 5.1% in March on Urals Price By Anna Shiryaevskaya Feb. 10 (Bloomberg) -- Russia may raise its export duty on most crude shipments by as much as 5.1 percent on March 1 after prices climbed. The standard tax rate will probably be in the range of $363 to $364.30 a metric ton, up from $346.60 a ton in February, according to Bloomberg calculations based on Finance Ministry data. The discounted rate on oil pumped via East Siberian Pacific Russia’s Ocean pipeline to Asia and from the Caspian Sea may reach between $149 and $149.90, from $137.60 a ton. Russia sets the duty based on the average Urals price from the 15th day of one month to the 14th day of the next. Urals, benchmark export blend, will probably average Russia’s $95.36 to $95.64 during this monitoring period, , a Finance Ministry adviser, said today by phone. The export tax on light oil products may be increased to between $243.20 and $244.10 a ton from $232.20 a ton. The duty on heavy products may be between $169.50 and $170.10 a ton, compared with $161.80 a ton. The government changed the calculation for oil-product taxes to a percentage of the crude duty as it gradually closes the gap between them. Prime Minister must sign off on the duties for them to come into effect. To contact the editor responsible for this story: Will Kennedy at . Last Updated: February 10, 2011 04:00 EST http://en.rian.ru/business/20110210/162533923.html 12:09 10/02/2011
Vodka output rose 3.7 percent in 2010 to 95.4 million dekaliters, the State Statistics Service said Wednesday. (Bloomberg) Activity in the Oil and Gas sector (including regulatory) Russia May Raise Oil Export Tax 5.1% in March on Urals Price By Anna Shiryaevskaya Feb. 10 (Bloomberg) -- Russia may raise its export duty on most crude shipments by as much as 5.1 percent on March 1 after prices climbed. The standard tax rate will probably be in the range of $363 to $364.30 a metric ton, up from $346.60 a ton in February, according to Bloomberg calculations based on Finance Ministry data. The discounted rate on oil pumped via Russia’s East Siberian Pacific Ocean pipeline to Asia and from the Caspian Sea may reach between $149 and $149.90, from $137.60 a ton. Russia sets the duty based on the average Urals price from the 15th day of one month to the 14th day of the next. Urals, Russia’s benchmark export blend, will probably average $95.36 to $95.64 during this monitoring period, , a Finance Ministry adviser, said today by phone. The export tax on light oil products may be increased to between $243.20 and $244.10 a ton from $232.20 a ton. The duty on heavy products may be between $169.50 and $170.10 a ton, compared with $161.80 a ton. The government changed the calculation for oil-product taxes to a percentage of the crude duty as it gradually closes the gap between them. Prime Minister must sign off on the duties for them to come into effect. To contact the editor responsible for this story: Will Kennedy at . Last Updated: February 10, 2011 04:00 EST http://en.rian.ru/business/20110210/162533923.html 12:09 10/02/2011
59350_Russia%20110210.docx