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The head of the Ministry of Energy Shulginov called the advantages of the new monitoring of oil prices KXan 36 Daily News

Date: March 24, 2023 Time: 22:15:58

According to him, this will exclude the sale of our resources at reduced prices due to the “ceiling” imposed by hostile states. In addition, the updated procedure for monitoring export prices is convenient for taxing the oil industry.

The Ministry of Energy recalled that Russian export oil prices will be monitored monthly, taking into account data from the St. Petersburg International Commodity Exchange (SPIMEX), the Argus agency and the Federal Customs Service. At the same time, SPIMEX will provide the Ministry of Energy with data on the consolidated prices of Ural oil shipped from the ports of Novorossiysk, Ust-Luga and Primorsk, as well as information on the cost of Siberian oil “Eastern Siberia – Pacific Ocean ESPO ( ENG)”. The cost of the Russian brands Urals and ESPO will be compared with the key foreign brands represented on world markets.

Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.
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