1 Sep 2011 12:07

Transneft's average tariff up 2.8%, for transport via ESPO - by 3%

MOSCOW. Sept 1 (Interfax) - The average tariff for Transneft's transport of oil and dispatching services increased on September 1 by 2.85% while the tariff for transport of oil to the Port of Kozmino and through the Eastern Siberia Pacific Ocean (ESPO) pipeline for supply to China went up by 3.03%.

This decision was made by the Federal Tariff Service's (FTS) managing board on August 31.

The FTS made this decision based on the necessity of covering Transneft's additional expenditures this year.

Effective September 1, the tariff rates for pumping oil through the system go up 3%. The exclusion is the rates for OJSC Privolzhsknefteprovod and OJSC Chernomortransneft, which remain the same. The tariff rate for implementing orders and dispatching of oil supply has gone up by 2.4% to 25.98 rubles per 100 tonnes/kilometer.

The tariff for transporting oil via the route Yaroslavl 1, 2, 3 - Primorsk (Baltic Pipeline System) went up by 18.7% to 450 rubles per tonne.

The tariff for transporting oil to the Port of Kozmino and the tariff for pumping oil through the ESPO system went up by 3.03% to 1,870 rubles per tonne.

Tariff rates for transporting oil are expected to increase by 13.73% on average as of November 1 in comparison with the rates effective September 1. At the same time, the rate for OJSC Privolzhsknefteprovod will remain the same. The dispatching rate will increase by 0.4% to 26,087 rubles per 100 tonnes/kilometer.

The tariff for transporting oil through ESPO will go up by 0.96% to 1,888 rubles per tonne and ESPO's reserve route (Taishet-Meget-Angarsk NkhK) - up 5% to 255 rubles per tonne. The tariff for transport through the BPS goes up by 23% to 553.5 rubles per tonne.

"Based on the proposed option of a two-stage indexation, average annual economic results for the supply of Russian oil through main export routes will be equalized," the FTS.

The FTS said that no additional indexation of tariffs for Transneft's services in 2012 is planned.