The Russian government has proposed to start calculating export duties on the Urals for domestic export oil from June, while limiting the amount of discount on Russian oil, taking into account not only its price, but also the cost of the reference North Sea Brent brand. Information about this is included in the amendments made to the law “About Customs Tariffs”, Wrote agency TASS.
As noted in the publication, the lower house committee of parliament will discuss the relevant changes on Monday.
According to the document, when calculating export customs duties on oil, the average cost of the Urals in the world oil markets (Mediterranean and Rotterdam) should be taken into account, as well as the North Sea Date (including the British cost of Brent). Forty and Ekofisk in the North Sea market, as well as Norwegian Oseberg and Troll).
Federation Council in the second half of February supported a law limiting the reduction in the Urals on Brent from April 1 to calculate oil taxes.
at the beginning of April entry Due to the limitation of discounts in the Urals to Brent when calculating the taxes of oil companies in Russia. We are talking about applying a discount to the Brent price in the calculation of mining extraction tax (MET), value added tax (ATD) and SCT on oil.
enters into force on 5 December entry An agreement between the European Union, the G7 countries (England, Germany, Italy, Canada, France, Japan and the USA) and Australia on the ceiling price of Russian oil of $60 per barrel. from February 5 acquired US$100 per barrel price cap for Russian petroleum products sold at a higher price than crude oil (e.g. diesel and kerosene). For discount traders (for example, for naphtha and fuel oil), the ceiling was $45.