Russia expands list of oil refineries eligible for tax relief

MOSCOWВ (MRC) - Russian has expanded the list of oil refineries eligible for so-called reverse excise tax after they agreed to invest around 300 billion roubles (USD4.5 billion) to upgrade capacity by 2026, the energy ministry said, as per Reuters.Russia's most significant oil industry tax overhaul took effect on January 1.It is phasing out exporting duty in the next five years and increa

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