Russia raises oil export tax

March 31, 2005

LOS ANGELES, Mar. 29 — The Russian government plans to increase its oil export duty to a record $102.60/tonne starting April 1st. The duty has been $83/tonne since February 1st.

During December 2004 and January, the duty was $101/tonne, the previous highest level. Russia’s oil export duty is reconsidered every 2 months.


Tags: Energy Policy, Fossil Fuels, Oil