Russia cuts February petchem export duties

30 January 2012 14:28  [Source: ICIS news]

MOSCOW (ICIS)--Russia announced on Monday that it will lower its petrochemical export duties from 1 February.

A decree signed by Prime Minister Vladimir Putin will mean export duty levied on ethylene, propylene, butylene and butadiene (BD) next month will be set at $181.70/tonne, down from $201/tonne (€153/tonne) in January.

The duty levied on levied on benzene, xylenes and toluene will be set at $259.80/tonne, down from $262.30/tonne.

Russia reviews its export duties levied on petrochemical products on a monthly basis, in line with changes to crude oil export duty.

Russia's export duty levied on crude will be $393.70/tonne from 1 February, down from $397.50/tonne in January.

($1 = €0.76)

By: Sergei Blagov
+44 20 8652 3214

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