Belarus and Russia agree on a new tariff for oil transit

Belarus and Russia have agreed to increase the tariff for the transportation of Russian oil through the Belarusian territory by 3.7% from September 1.

“Due to the decrease in Russian oil transit through the Druzhba pipeline in the second quarter, the Belarusian operator of the Gomeltransneft Druzhba pipeline turned to tariff regulators for an unscheduled review of oil pumping tariffs”, the concern said.

According to Belneftekhim, “during the negotiations, the parties reached agreement on the need to ensure that JSC Gomeltransneft Druzhba has the revenue in the amounts that were forecasted for 2019”.

“Today, neither the Russian, nor the Belarusian side can unambiguously determine the volume of oil transportation in the IV quarter of 2019, so we agreed at the first stage to increase tariffs by 3.7% and return to this issue based on the results of work for the year”, the concern noted.

Earlier it was reported that Belarus sent Transneft a letter in which it announced its desire to raise oil transportation tariffs by 21.7% from August 1 to reimburse costs due to force majeure at the Druzhba oil pipeline. The Belarusian company said it didn’t receive $ 3.7 million due to the supply of contaminated Russian oil.



Tags: contracts, tariffs, RF, foreign affairs, oil transit, debt

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