Russia and Belarus agreed to increase the oil transit tariff by 3.7%

08.08.2019       

Minsk and Moscow agreed to increase the tariff for the transportation of Russian oil through the Belarusian territory. It will increase by 3.7% from September 1, 2019.
Due to the decrease in the volume of Russian oil transit through the Druzhba pipeline, in the II quarter, the Belarusian operator of the pipeline JSC "Gomeltransneft Druzhba" appealed to tariff regulators for an unscheduled review of oil transportation tariffs. During the talks, the parties reached an agreement in principle on the need to ensure that JSC "Gomeltransneft Druzhba" volumes of revenue in the amounts forecasted for 2019.
"Today, neither Russian, Neither the Belarusian side can unequivocally determine the volume of oil transportation in the fourth quarter of 2019, so we agreed to raise tariffs by 3.7% at the first stage and return to this issue based on the results of work for the year," Belneftekhim said. They also said that "based on the results of work in 2019, an analysis of the situation with the pumping of oil through the Belarusian part of the pipeline will be carried out and the amount of further changes in tariffs will be determined."
As reported," Gomeltransneft Druzhba" On July 1, she sent a letter to Transneft, in which she notified the Russian side that she was going to increase oil transportation tariffs by 21.7% from August 1 to compensate for her losses after a force majeure on the Druzhba pipeline. The Belarusian company stated that due to the supply of contaminated Russian oil through Druzhba it lost more than $23.7 million. These figures include losses due to the reverse of slop oil.
on plans for an extraordinary increase in the tariff for oil transportation from August 1. "Gomeltransneft Druzhba" On July 24, she stated that there were no agreements with Transneft PJSC on the possibility of ensuring the transit of oil through Belarus in the amount of 59 million tons in 2019 or an increase in the transit tariff. "The negotiation process on changing tariffs continues. While the parties are in search of a consensus,” the company said in a message.
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