Russian oil export duty seen rising to $120.1/T in February

Russia’s oil export duty CL-EXPDTY-RU is expected to rise to $120.1 per tonne in February from $111.4 per tonne in January, data from the finance ministry showed on Monday.

The rate is calculated by the finance ministry and is based on the monitoring of seaborne Urals URL-E URL-NWE-E crude oil prices from Dec. 15 to Jan. 14.

Export duty per tonne, in U.S. dollars:

                            February       January        RICs
 Average price for          66.51          62.54          URL-NWE-E
 calculation (barrel)                                     URL-E
 Average price (tonne)      485.5          456.5          URL-NWE-E
 Crude oil                  120.1          111.4         CL-EXPDTY-RU
 Discounted rate *          0.0             0.0           DCL-EXPDTY-RU
 High viscosity crude       19.5           17.9          HVCL-EXPDTY-RU
 Light products, middle     36             33.4          PROD-EXPDTY-RU
 Gasoline                   36             33.4          MOG-EXPDTY-RU
 Diesel                     36             33.4          DL-EXPDTY-RU
 Naphtha                    66             61.2          NPTH-EXPDTY-RU
 Heavy products             120.1          111.4         FO-EXPDTY-RU         
 Petroleum coke              7.8            7.2          PETC-EXPDTY-RU
 Oil lubricants             36             33.4          MOIL-EXPDTY-RU
 LPG                         0.0            0.0          LPG-EXPDTY-RU

* The discounted rate for crude produced at newer fields in eastern Siberia, fields operated by Lukoil in the Caspian Sea as well as Gazprom Neft’s Prirazlomnoye offshore Arctic field.

Source: Reuters

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