Russia, China round up joint naval exercise in Baltic SeaMilitary & Defense July 27, 21:27
Chechen leader says he is ready to quit his job to protect al-Aqsa Mosque in JerusalemSociety & Culture July 27, 21:07
Russian tennis star Sharapova granted wildcard for WTA tournament in CincinnatiSport July 27, 20:11
Russia invites Baltic partners to attend naval review in St. PetersburgMilitary & Defense July 27, 19:38
Russia’s new ambassador to Turkey presents his credentials to ErdoganRussian Politics & Diplomacy July 27, 19:03
Deadly wildfires in southern EuropeWorld July 27, 18:20
Russia interested in cooperation with Finland on Arctic environmentBusiness & Economy July 27, 18:14
New US anti-Russia sanctions way to pursue its economic interests with cynicism — PutinRussian Politics & Diplomacy July 27, 18:11
Moscow surgeons separate newborn Siamese twins conjoined at head in 30 minutesSociety & Culture July 27, 17:57
MOSCOW, April 25. /ITAR-TASS/. Russia's government has approved special formulas to calculate the rates of export customs duty on crude oil produced at the Prirazlomny oilfield on the Arctic Ocean shelf and the Yu. Korchagin oil and gas condensate Field, located in the Caspian Sea area, says a report published on the Cabinet's website.
The special formulas will be employed with regard to oilfield data to calculate the rates of export customs duty with the indication of an overall amount of oil to be produced at the oilfield and which may be exported with the use of the formulas throughout the oilfield development period.
The document explains that privileges for those oilfields regarding customs duty are connected with a low degree of their depletion and the need to raise the inland norm of the profitability of the development project up to 16.3%
The amount of oil which may be exported with the use of the formula mal a throughout the development period is 27.7 million tonnes for the Prirazlomny oilfield and 25.1 million tonnes for the Korchagin one.