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Russian oil export duty down $1 per mt from Feb. - Finance Min.

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MOSCOW, January 9 (RIA Novosti) - The duty on oil exports from Russia from February 1, 2007 will be $179.7 per metric ton, down $1 from the figure set December 1, 2006, a deputy head of the customs division of the Finance Ministry's taxation and duties department said.

"The oil export duty from February 1 will be $179.7 per ton," Alexander Sakovich said.

Sakovich said the rate is revised once every two months, taking into consideration the price of Russian Urals crude on European markets.

Urals is the leading blend of Russian oil, but it is sold at a discount to Brent because of its relatively high sulfur content.

Crude export duty was raised to a record high of $237.6 per metric ton October 1.

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