The Conversation (0)
Bloomberg reports that OAO Lukoil and OAO Tatneft (MCX:TATN) are seeking to nullify export duties for high-viscosity oil.
Bloomberg reports that OAO Lukoil and OAO Tatneft (MCX:TATN) are seeking to nullify export duties for high-viscosity oil.
The market news is quoted as saying:
Lukoil may save $900 million a year at current heavy-oil output levels and as much as $1.8 billion a year as production climbs, Vedomosti reported. Tatneft may save about $133 million a year, the newspaper said.