Transneft increases oil transportation via Baku-Novorossiysk pipeline

  03 April 2015    Read: 1174
Transneft increases oil transportation via Baku-Novorossiysk pipeline
Russia
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he company asked Russian Federal Tariff Service to increase the tariff for transportation of Azerbaijani oil via pipeline by 30%.

The company said that oil transportation in this direction has become more profitable after decline of ruble.
“After devaluation, the price of oil transportation via Russian pipeline for Azerbaijan makes $10.2 a ton. The price of oil transportation via Baku-Tbilisi-Ceyhan makes $44.4 a ton”.

However, increase of tariff will not influence the volume of transportation.

Russian Federal Tariff Service will review the increase of tariffs on April 7.

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