Russia to cut export duty on ultra-heavy oil to stimulate production
Green Car Congress
MARCH 2, 2012
Business Mir reports that the Russian government has decided to cut the export duty on ultra-heavy oil to a mere 10% of the standard rate for 10 years to stimulate production. The decision will mostly benefit Tatneft, LUKoil and Alliance Oil, according to the report. billion barrels of technically recoverable heavy oil and 33.7
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