Russia raises export duty on crude oil - March 28, 2000

Providing coverage of Alaska and northern Canada's oil and gas industryMarch 2000

Vol. 5, No. 3

Week of March 28, 2000

Russia raises export duty on crude oil

by The Associated Press

The Russian government increased the export duty on crude oil by 33 percent to 20 euros ($19.10) per metric ton from 15 euros ($14.37) per metric ton, a news report said March 6.

The resolution, signed by acting President Vladimir Putin March 2, also raises the export duty on gasoil to 15 euros ($14.37) per ton from 10 euros ($9.50) per ton, the Interfax news agency said.

The hike will take effect a month after the government publishes the resolution.

Russian oil and natural gas producers account for about one-third of the country’s tax revenues.

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