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Russia raises oil export tax
LOS ANGELES — The Russian government plans to increase its oil export duty to a record $102.60/tonne starting Apr. 1. The duty has been $83/tonne since Feb. 1.
During December 2004 and January, the duty was $101/tonne, the previous highest level. Russia’s oil export duty is reconsidered every 2 months.
March 31, 2005
