Russian Tax Break for Extra-Heavy Crude
Investing News Network - March 8th, 2012
Bloomberg reported that Russian Finance Ministry is planning to cut the export duty for extra-heavy crude for the next 10 years.
Bloomberg reported that Russian Finance Ministry is planning to cut the export duty for extra-heavy crude for the next 10 years.
As quoted in the market news:
The proposal to tax exports of the hard-to-extract crude at 10 percent of the standard levy, made by the Energy Ministry, could become law by July 1, Deputy Finance Minister Sergei Shatalov said by phone late yesterday.