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Russia Removes Duty on Light Oil Product Exports to Kazakhstan 2013-12-24 10:49:38.300 GMT
By Ilya Arkhipov Dec. 24 (Bloomberg) -- Russia to introduce duty-free light oil product exports to Kazakhstan from Jan. 1, 2014; export volume to remain close to 2013 level at 1.2mt-1.5mt, Russian Energy Minister Alexander Novak says to reporters in Moscow. * Duty-free light oil product imports come with ban on re- export from Kazakhstan; country should raise export duties on light oil products to Russian levels from 2014: Novak * Russia to introduce ban on heavy oil product exports to Kazakhstan from Jan. 1, so that Russia doesn’t lose money on export duty; exports “mainly fuel oil”: Novak
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To contact the reporter on this story: Ilya Arkhipov in Moscow at +7-495-771-7714 or iarkhipov@bloomberg.net
To contact the editor responsible for this story: Benjamin Dow at +7-495-771-7735 or bdow2@bloomberg.net