Russia plans to cut the export duty on super viscous oil to 10% of the existing rate, which is calculated every month based on crude-oil prices, the Kommersant daily reported Wednesday.

The new tax regime, which is to be introduced July 1, 2012, will benefit such companies as OAO Lukoil Holdings (LKOH.RS), Tatneft (TATN.RS)and Alliance Oil.

Russia's energy ministry estimated that oil companies will be able to save as much as $1.3 billion as a result, the daily said.

Newspaper website: www.kommersant.ru

-By Moscow Bureau, Dow Jones Newswires; +7 495 232 9192

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