The Chinese state and private oil giants have significantly increased their imports of Russian oil. Agency reports Reuters.
The publication states that in March 2023, China’s total volume of Russian oil imports rose to a record 9.61 million tons, which equates to about 2.26 million barrels per day.
According to the analytical company Vortexa, the country received about 600,000 barrels of Ural oil per day. It is emphasized that the amount of supply may increase to 700 thousand barrels per day in April. Thus, as of 2019, a new record will be set in Russia’s fuel supply to the Chinese side.
Formerly Russian State Duma accepted In the 2nd and 3rd readings, a law that sets the tax rate for the export of oil not to the Russian brand Urals, but to the cost of the reference grade Brent.
Prior to this, a law was introduced in Russia on a new methodology for determining the price of Ural oil when calculating taxes on the tax on the extraction of useful minerals and on additional income from the extraction of hydrocarbon raw materials (ATD).