Russia sets new oil products export duties for 2011-13

MOSCOW: Russian government approved new oil products export duties formula for the next three years, a document posted on its Web site showed on Wednesday.

Light oil products duty tariff is set at 67 percent of oil export tax in 2011, 64 percent in 2012 and 60 percent in 2013.

The levy for heavy oil products is set at 46.7 percent of crude export tax in 2011, 52.9 percent in 2012 and 60 percent in 2013, the government said on its Web site.