Transneft Announces Plans

By The Moscow Times

July 3, 2011

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)

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

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 you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue