Minsk wants to participate in Russia's decision making on oil export taxation as they influence the Belarusian economy, a government source said on Thursday. Russian Prime Minister Vladimir Putin has signed a cut in crude oil export duty to 60 percent of average weighted market price and export duty rate for dark and light oil products at 66 percent of the crude oil export duty from October 1. Gasoline export duty was kept at 90 percent of crude oil as the government would like to use it to saturate the domestic market with the fuel. "Russia sets gasoline export duty at 90 percent in oil from May 1, which in fact is prohibitive for its exports," the source said. "Belarus under its agreements with Russia is obliged to take similar measures, although the situations in the oil industry of Belarus and Russia are different." Minsk intends to hold consultations with Moscow to get an opportunity to influence the export taxation policy under the Customs Union of Russia, Belarus and Kazakhstan, the source said. "We would like the Belarusian side to also be involved in preparing such decisions because they directly affect the Belarusian economy," he added.
GMT 18:55 2018 Friday ,14 December
Libya’s National Oil against paying ‘ransom’ to reopen El Sharara fieldGMT 22:22 2018 Thursday ,13 December
Turkey starts building land part of Turkish Stream pipelineGMT 13:35 2018 Sunday ,09 December
OPEC+ deal to ensure stability of oil price, that is positive for RussiaGMT 14:30 2018 Friday ,07 December
Major oil producers haggle over production cutGMT 13:29 2018 Thursday ,06 December
Major oil exporters mull supply cut amid internal rifts, US demandsGMT 09:30 2018 Monday ,03 December
Qatar says it is withdrawing from OPEC on January 1GMT 21:00 2018 Sunday ,25 November
Oil prices plummet amid U.S. drilling rigs downGMT 17:28 2018 Friday ,16 November
OPEC Basket Price Stood, at over $65.2, on ThursdayMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor