Serbia, Kosovo agree to continue high-level meetings — agencyWorld January 25, 4:00
Syrian talks in Astana successful - Turkish top diplomatWorld January 25, 2:39
Russia’s Shumakov center boasts record number of heart transplantations in 2016Society & Culture January 25, 0:48
EU-Moldova association deal may be scrapped if people say so — presidentWorld January 24, 23:10
NATO experts arrive in Moldova to assist in developing military strategyWorld January 24, 21:13
FIA F1 top management reshuffle unlikely to affect Russia’s Sochi GP — expertSport January 24, 20:42
Russia hopes for constructive work with Trump's administration at G20Business & Economy January 24, 20:29
Everything you need to know about Oscars 2017 nominationsSociety & Culture January 24, 19:57
Konchalovsky glad his film Paradise is absent from list of Oscar nomineesSociety & Culture January 24, 18:55
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.