March 2, 2024 5:21 am

Russian neighbor to hike rates for oil transit to Europe — RT Business News

Facebook
Twitter
LinkedIn
Pinterest
WhatsApp
Telegram

URGENT: JUST 11 DAYS REMAIN TO HELP SAVE INDEPENDENT MEDIA & ANR, TO ENSURE WE ARE FULLY FUNDED FOR NEXT MONTH,SO LET'S CUT THE BS & GET TO THE POINT - WE WILL BE FORCED LAY OFF STAFF & REDUCE OPERATIONS UNLESS WE ARE FULLY FUNDED WITHIN THE NEXT 2 WEEKS - Sadly, less than 0.5% of readers currently donate or subscribe to us But YOU can easily change that. Imagine the impact we'd make if 3 in 10 readers supported us today. To start with we’d remove this annoying banner as we could fight for a full year...

The transit of Russian oil through Belarus will become more costly next year, the Kommersant business daily reported on Saturday, citing Russian energy export giant Transneft.

According to the report, the Belarusian operator of the Druzhba pipeline, Gomeltransneft Druzhba, has reached an agreement with Transneft to hike the transit tariff by 10.2% starting on February 1, 2024. A Transneft representative confirmed the information to Kommersant.

Russian oil is delivered to Hungary, Slovakia and the Czech Republic via Belarus through the southern branch of the Druzhba pipeline. The pipeline also carries Kazakh oil, which is delivered via its northern branch through both Russia and Belarus to Germany and Poland.

The tariff hike for Russian oil will be smaller than what Belarus previously intended. In mid-November, Gomeltransneft Druzhba proposed raising the tariff for the transit of oil through Belarus by 14.5% to 195.8 rubles ($2.1) per ton, but Transneft considered that hike too high. Minsk explained at the time that such a hike was necessary due to a sharp decrease in pumping after the EU placed sanctions on Russia in connection with the Ukraine conflict, which included a partial embargo on Russian oil imports. According to the operator, overall oil transit through the country fell nearly fivefold this year compared to 2022.

Meanwhile, Minsk also plans to raise the tariff for Kazakh oil, by 43% to 653.8 rubles per ton ($7.1), due to a 17-fold decrease in oil transit through the northern branch of the pipeline over the past year. Astana has been opposed to the hike, and reportedly plans to dispute the matter with Minsk.

Transneft indicated that discussing tariffs on Druzhba’s northern branch is not within the company’s competence, because that part of the pipeline does not transport Russian oil. Russian Energy Minister Nikolai Shulginov earlier noted that Kazakhstan has not been involved in the tariff discussions because the pipeline does not belong to Kazakhstan. He indicated, however, that Astana and Moscow have already reached a consensus that Kazakhstan will supply 1.2 million tons (100,000 tons a month) of oil through Druzhba next year.

For more stories on economy & finance visit RT’s business section

You can share this story on social media:

Source link

Opinion pieces don’t necessarily reflect the position of our news site but of our Opinion writers.

Original Source: Russian neighbor to hike rates for oil transit to Europe — RT Business News

Support the ANR from as little as $8 – it only takes a minute. If you can, please consider supporting us with a regular amount each month. Thank you.

Related News

Let’s not lose touch…Your Government and Big Tech are actively trying to censor the information reported by The ANR to serve their own needs. Subscribe now to make sure you receive the latest uncensored news in your inbox…

Australian National Review is Australia’s first real free and independent press, one with no editorial control by the elite, but a publication that can generate critical thinkers and critical debate and hold those spreading mistruths and deliberate propaganda in mainstream media to account.

News with a difference that will be educational, compelling and create a platform for political and social change in this country and address the real issues facing this country and the world.

Discover more from ANR

Subscribe now to keep reading and get access to the full archive.

Watch Full Documentary

URGENT: JUST 3 DAYS REMAIN TO HELP SAVE INDEPENDENT MEDIA & ANR, SO LET'S CUT THE BS & GET TO THE POINT - WE WILL BE FORCED TO LAY OFF STAFF & REDUCE OPERATIONS UNLESS WE ARE FULLY FUNDED WITHIN THE NEXT 2 WEEKS

Sadly, less than 0.5% of readers currently donate or subscribe to us But YOU can easily change that. Imagine the impact we'd make if 3 in 10 readers supported us today. To start with we’d remove this annoying banner as we could fight for a full year...

Get access to TruthMed- how to save your family and friends that have been vaxx with vaccine detox, & how the Unvaxxed can prevent spike protein infection from the jabbed.

Free with ANR Subscription from $8