Alexey Gromov, Principal Director on Energy Studies at the Institute for Energy and Finance, commented to the Energopole telegram channel of the Energy Policy magazine about the possible changes in the calculation of Russian export oil prices through reference to the Dubai grade:
From the point of view of the tax burden, the situation will become more transparent, but the profits of oilmen will decrease. According to the expert, this should not affect investments in production and exploration.
“Given the fall in world oil prices, Russia’s task is to sell oil not below the price cap, but not to try to overestimate this price, because due to sanctions, freight and insurance costs have increased, and the size of the discount for buyers, excluding these costs, is now about $10 per barrel,” Alexey Gromov told.
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