Moscow—Swedish-listed Alliance Oil plans to apply to the Russian government for tax breaks to offset losses it expects to incur following the introduction in October of the country’s new 60-66 tax regime, a source close to the company said December 6. The new 60-66 tax rules reduce the export duty on crude but increase it for oil products, meaning refining-heavy oil companies operating in Russia, such as Alliance, Tatneft and Bashneft, would be penalized as a result.
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