Russian crude export tax set to hit new record in December

摘要

Moscow-Russia's crude export duty is likely to hit a record high once again from December 1,reaching some 265-270/mt(around 36.30-37/barrel),up from 250.30/mt in October and November,following an ongoing upward trend in international oil prices,a senior finance ministry official said October 17."The crude export duty is likely to rise to a new high of 265-270/mt,if the 11 remaining trading sessions in October see the average price of Urals crude at 75-76/b,"said Alexander Sakovich,a finance ministry official in charge of monitoring prices and setting the duty.