18.10.2023, 10:48
In Russia, they are going to reconsider the way of collecting oil and gas revenues
Source: OREANDA-NEWS
OREANDA-NEWS In 2024, the cut-off price for oil under the budget rule will be set at 75 barrels per barrel of the North Sea Brent brand. This is reported by RBC with reference to the press service of the Ministry of Finance (Ministry of Finance) of Russia.
The cut-off price means the threshold cost of raw materials, when exceeded, all the difference is sent to the reserve for the formation of state savings. The change in the method of collecting oil and gas revenues, according to the plans of the Ministry of Finance, will consist in the fact that next year the department will not use the actual price of Russian Urals oil. The basic cost of raw materials will be determined as the difference between the average annual quotes of the North Sea oil mixture North Sea Dated, published by the Argus agency, and a fixed discount of $ 15 per barrel. In the following years, the Ministry of Finance plans to include the national oil index in the calculation formula.
The cut-off price means the threshold cost of raw materials, when exceeded, all the difference is sent to the reserve for the formation of state savings. The change in the method of collecting oil and gas revenues, according to the plans of the Ministry of Finance, will consist in the fact that next year the department will not use the actual price of Russian Urals oil. The basic cost of raw materials will be determined as the difference between the average annual quotes of the North Sea oil mixture North Sea Dated, published by the Argus agency, and a fixed discount of $ 15 per barrel. In the following years, the Ministry of Finance plans to include the national oil index in the calculation formula.
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