Russia Mulls Lowering Export Duty on Crude Oil

摘要

Russia is considering lowering taxes on upstream oil operations and capping the tax burden on independent gas producers. In an apparent admission that the current 60-66 tax regime -- which taxes refining more heavily than upstream -- does not go far enough, Deputy Energy Minister Pavel Fedorov said reducing the export duty on crude oil to 55% from its current 60% is under consideration. This is on the condition that the 60-66 reform that was implemented last year is deemed a success, insofar as it goes, at the end of the year.