Transneft head Nikolai Tokarev said Friday in Atyrau, Kazakhstan, that oil shipment tariffs would rise 8 percent by the end of 2011.
He added that there has been no progress in talks on China's payment for oil deliveries via the East Siberia-Pacific Ocean pipeline.
Transneft may export 30 million tons of oil via its new Ust-Luga pipeline next year as well as 68 million to 70 million tons via Primorsk. There will be no cuts in oil deliveries via the Druzhba pipeline. Transneft may drop plans to build an oil pipeline through Greece and Bulgaria, bypassing Turkey's crowded Bosporus. Russia is content to freeze the project and doesn't plan to immediately tear up agreements on building the link, Energy Minister Sergei Shmatko said.
(Reuters, Bloomberg)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
