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Transneft

August 18, 2004

Transneft’s tariff has been brought to the real dollar exchange rate

The Federal Tariffs Office decided on an average 5.2% increase in the tariff for pumping crude oil via Transneft’s pipeline system, on the 17th of August.                                                                                                       
Thus, the base tariff rate has been brought to the real dollar exchange rate (Transneft’s currency tariff was 31.3 rubles/dollar exchange rate-based).
The result of discrepancy between the currency tariff and the real dollar exchange rate is Company’s lost income.

 

 

 

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