Export tariffs for crude oil far exceed those for light and dark oil products and Russian oil companies are increasingly looking to make a transition to oil products which bring them more profit.
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Russia Raised Oil Expot Tariffs
Russian government raised oil export tariffs on Monday to a new high of $140 per metric ton
Russian government raised oil export tariffs on Monday to a new high of $140 per metric ton, surpassing the previous record of $136.2 per ton that was in effect from June 1 to July 31, RIA Novosti agency reported. The new tariff, based on May-June price monitoring, is in effect from Aug. 1.
Russia reviews export tariffs once every two months normally, calculating them taking by a special formula based on the average price of Russia?s crude oil on the international market during the previous two months.
Export tariffs for crude oil far exceed those for light and dark oil products and Russian oil companies are increasingly looking to make a transition to oil products which bring them more profit.
Export tariffs for crude oil far exceed those for light and dark oil products and Russian oil companies are increasingly looking to make a transition to oil products which bring them more profit.
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