Moscow to revise oil export duties, gas station licensing procedures

Aug 05, 1999 02:00 AM

The Russian government intends to revise export duties on crude oil and introduce a new licensing procedure for gas stations to stabilise the domestic fuel market.
This announcement was made by Viktor Khristenko, first deputy prime minister, on August 4.
According to Khristenko, export duties will gradually increase. In addition, in order to issue a license for the right to retail gasoline, the government is expected to urge aspirants for the licence to represent the evidence of availability of their own raw material base and a network of more than 10 gas stations.
Given other conditions, gas stations will be allowed to operate under the trademark of major companies and get commission.

Source: IZVESTIYA via NewsBase
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