Russia may increase the tariff for oil pumping through the Baku-Novorossiysk pipeline by 31 percent, according to the draft order of the Federal Tariff Service (FTS) of Russia published on the portal regulation.gov.ru.
The draft said that the tariff for pumping may be increased by 149.95 roubles - from the current 484.59 rubles to 634.54 roubles per metric ton (excluding VAT).
The tariff is denominated in roubles for the route from the border of Azerbaijan to the transshipment complex Sheskharis (Novorossiysk)
The State Oil Company of Azerbaijan (SOCAR) exported 423,790 metric tons of oil via the Baku-Novorossiysk pipeline in January-March 2015, which is 66.6 percent more than in the same period of 2014 (254,330 metric tons).
SOCAR exported 932,160 metric tons of oil from Novorossiysk in 2014 compared to 1.75 million metric tons in 2013.
SOCAR transships the oil produced at its own fields, as well as the oil of joint ventures and operation companies operating at Azerbaijan’s onshore fields through Novorossiysk. Oil is delivered to the port via the Baku-Novorossiysk pipeline operated by SOCAR.
However, SOCAR and Russian Transneft signed an agreement. SOCAR will transport 1.7 million metric tons of oil produced by SOCAR independently onshore and offshore via the Baku-Novorossiysk pipeline in 2015 in accordance with this agreement.
SOCAR to pump oil via Baku-Novorossiysk despite increased tariff
04 April 2015
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SOCAR will continue pumping oil via Baku-Novorossiysk pipeline even in case of increase of tariffs, President of SOCAR (State Oil Company of Azerbaijan) Rovnag Abdullayev told reporters Apr.4.
