Belarus to Reduce Oil Export Duty
OREANDA-NEWS. October 03, 2011. Belarus reduced export duties on oil and oil products exported outside the Customs Union. The relevant decision laid down by government resolution No. 1298 of 28 September 2011 takes effect on 1 October.
The crude oil export duty is reduced from USD 444.1 to USD 411.4 per tonne. The export duty on oil containing sulfur will make up USD 204.5 except for crude produced at Verkhnechonsk, Talakansk, Dulisminsk, Zapadno-Ayansk, Yaraktinsk and Markovsk oil and gas condensate fields, as well as Alinsk and Danilovsk gas and oil fields. The export duty on light oil products (light distillates, middle distillates, gasoils) will be set at USD 271.5 per tonne, on commercial gasoline and directly distilled gasoline – USD 370.2.
The duty on heavy petroleum products (liquid fuels, oils, waste oils) will make USD 271.5, on propane, butanes, ethylene, propylene and butadiene, other liquefied gases – USD 196.6, on petroleum jelly, mineral waxes, and similar products – USD 271.5. Apart from that, the export duty on 1 tonne of oil coke and bitumen, residual oil will amount to USD 271.5, benzol, toluene and xylenes – USD 271.5.
The abovementioned resolution introduced amendments to Resolution No. 1932 of the Council of Ministers of 31 December 2010 “On setting export duties on crude oil and some oil products and on abolishing some resolutions of the Council of Ministers of the Republic of Belarus”. The document was passed in line with Decree No. 716 of 31 December 2010 “On export duties”.
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