The Ministry of Finance of Russia said on the 15th that starting from January 1, 2011, the Russian oil export tax will increase from the current 303.8 US dollars per ton to 317.5 US dollars, up 4.5%.

According to the formula, the export tax on Russian light petroleum products will increase from the current 217 US dollars per tonne to 226.2 U.S. dollars from the next month, and the export tax on heavy petroleum products will increase from US$ 116.9 to US$ 121.9 per tonne. Oil export from 22 oilfields in East Siberia continued to enjoy preferential policies. The export tax per ton increased from US$108 to US$117.5.

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