Belarus raises tariff for Russian oil transit but not for much

On August 6, Belarus and Russia agreed to raise the tariff for oil transportation through Belarus by 3.7% from September 1. This decision was made in connection with the reduction of transit due to the dirty Russian oil supply in April.

As BelTA learned from Belneftekhim, the parties agreed to provide Gomeltransneft Druzhba with revenues in the amount expected for 2019.

During the negotiations, it was decided to increase tariffs by 3.7%, and following the results of 2019 activities to analyze the situation with oil pumping through the Belarusian part of the pipeline and determine the size of further tariff changes.

According to Kommersant’s estimates, the additional expenses of Russian oil companies born as a result of the tariff increase may amount to about $ 10 million per year, or, given that the tariff is introduced only from September 1, about $ 3-4 million.

At the same time, in July, the Belarusian oil pipeline operator Gomeltransneft Druzhba informed the Russian company Transneft that it wants to increase the payment by almost 22% from August 1. Moscow did not agree with that proposal.

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