Russia expects Ukraine to cut oil transit tariff via Yuzhny Port
Russia handed over to Ukraine a draft intergovernmental agreement on oil transit, Vice-Premier Igor Sechin said in an interview yesterday with journalists after the talks of Prime Ministers of the two countries, RIA Novosti reports. Mr. Sechin hopes that this document "will soon be reviewed and supported by the Ukrainian side."
Igor Sechin did not rule out that if Ukraine approves tariff allowance on oil transit through the port of Yuzhny, Russian could boost crude volume from 9 to 17 million tons.
"The Russian side drew the attention of its partners on the need to reduce tariff (for the transit of oil)", Igor Sechin said. Russia presented figures showing that the cost of oil transit via the port of Novorossiysk is $47.09 / ton, while the port of Yuzhny charges $53.62 per ton."Without the creation of economic inducement it would be difficult to achieve results", said Igor Sechin, adding that Russia puts these questions openly.
At the end of December 2009 Ukraine and Russia signed an agreement on the conditions of transit of Russian oil to the European Union through Ukrainian territory in 2010. The issue of possible supply disruptions came after Kiev announced plans to raise the fee for transit of Russian oil. As a result, the rate of transit was increased by 30% y-o-y.
Igor Sechin did not rule out that if Ukraine approves tariff allowance on oil transit through the port of Yuzhny, Russian could boost crude volume from 9 to 17 million tons.
"The Russian side drew the attention of its partners on the need to reduce tariff (for the transit of oil)", Igor Sechin said. Russia presented figures showing that the cost of oil transit via the port of Novorossiysk is $47.09 / ton, while the port of Yuzhny charges $53.62 per ton."Without the creation of economic inducement it would be difficult to achieve results", said Igor Sechin, adding that Russia puts these questions openly.
At the end of December 2009 Ukraine and Russia signed an agreement on the conditions of transit of Russian oil to the European Union through Ukrainian territory in 2010. The issue of possible supply disruptions came after Kiev announced plans to raise the fee for transit of Russian oil. As a result, the rate of transit was increased by 30% y-o-y.