Bloomberg News

Transneft's Crude Tariffs to Rise by 8.7% Next Year

December 01, 2006

OAO Transneft, Russia's state-owned pipeline monopoly, will charge 8.7 percent more on average for transporting crude oil next year, the Federal Tariffs Service said today on its Web site.

About 3.6 percentage points of the increase will fund a pipeline from eastern Siberia to the Pacific Ocean, which is being built by Transneft to access Asian and U.S. clients.

The tariff increase was ``slightly higher than expected,'' and was in line with inflation, said Natalia Kazakova, an analyst with Moscow-based MDM bank.

It currently costs oil companies 55 cents to move a metric ton of crude 100 kilometers inside the country. Export crude is charged at 63 cents.

All tariffs will be charged in rubles from Jan. 1, 2007, from U.S. dollars now, the service said.

To contact the reporter on this story: Yuriy Humber in Moscow at yhumber@bloomberg.net.

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net.


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