*A pumping station in the Priobskoe oilfield, Nefteyugansk, Russia. Photographer: Yuri Kochetkov/EPA.
Moscow — Russia’s oil export duty is expected to decline to $77.2 per tonne in January from $90.5 per tonne in December following changes to the Tax Code aimed at boosting production of oil, the finance ministry said on Monday.
Some duties would also be introduced to exports of liquefied petroleum gas in January.
The level of the duty is calculated by the finance ministry and is based on the monitoring of seaborne Urals crude oil prices.
The ministry made its calculations for the December export duty from prices recorded between Nov. 15 and Dec. 14.
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– Reuters
