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Russia’s oil export duty to decline to $100.3/T in July

Russia’s oil export dut is expected to fall to $100.3 per tonne in July from $110.4 per tonne in June following a rise in oil prices, the finance ministry said.

The level of the duty is calculated by the finance ministry and is based on the monitoring of seaborne Urals crude oil prices.

The ministry made its calculations for the July export duty from prices recorded between May 15 and June 14.

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

                             July        June            RICs
 Average price for          66.66       72.23        URL-NWE-E
 calculation (barrel)                                    URL-E
 Average price (tonne)      486.6       527.3        URL-NWE-E
 Crude oil                  100.3       110.4     CL-EXPDTY-RU
 Discounted rate*             0.0         0.0    DCL-EXPDTY-RU
 High viscosity crude        10.0        11.0   HVCL-EXPDTY-RU
 Light products, middle      30.0        33.1   PROD-EXPDTY-RU
 Gasoline                    30.0        33.1    MOG-EXPDTY-RU
 Diesel                      30.0        33.1     DL-EXPDTY-RU
 Naphtha                     55.1        60.7   NPTH-EXPDTY-RU
 Heavy products             100.3       110.4     FO-EXPDTY-RU
 Petroleum coke               6.5         7.1   PETC-EXPDTY-RU
 Oil lubricants              30.0        33.1   MOIL-EXPDTY-RU
 Propane-butane blend         0.0         0.0    LPG-EXPDTY-RU
 LPG clean fractions          0.0         0.0    BUT-EXPDTY-RU

The discounted rate for crude produced at newer fields in eastern Siberia, fields operated by Lukoil in the Caspian Sea and Gazprom Neft’s Prirazlomnoye offshore Arctic field.
Source: Reuters (Reporting by Andrey Ostroukh; writing by Vladimir Soldatkin; Editing by Andrey Kuzmin)

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