Russia to Cut Oil Export Duty by USD 32.7 from Aug. 1

[2012-07-17 15:05:48]

According to RIA Novosti news of July 16, starting from August 1, 2012, Russia will likely reduce its petroleum export duty by USD 32.7/ton from July's USD 369.3/ton to USD 336.6/ton; the conclusion is derived from the average monitored price and calculation formula of Russian export duty.
Source: ETCN
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