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Transneft To Raise Tariffs 2.8% On Sep 1, 5% On Nov 1

Transneft To Raise Tariffs 2.8% On Sep 1, 5% On Nov 1
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Παρ, 26 Αυγούστου 2011 - 18:09
Russian state pipeline operator OAO Transneft (TRNFP.RS) plans to raise tariffs 2.8% on Sept. 1 and another 5% on Nov. 1, the country's Federal Tariff Service said Friday.
Russian state pipeline operator OAO Transneft (TRNFP.RS) plans to raise tariffs 2.8% on Sept. 1 and another 5% on Nov. 1, the country's Federal Tariff Service said Friday.

At the request of Transneft, the Federal Tariff Service said it plans to confirm an increase in oil pipeline tariffs at a meeting on Aug. 31.

Russian oil producers--including state-controlled OAO Rosneft (ROSN.RS), as well as privately held OAO Lukoil Holdings (LKOH.RS) and TNK-BP Ltd.--have repeatedly complained about increasing transportation costs, saying it prevents them from investing sufficiently in new production.

Last year, Russia raised transportation tariffs on three occasions by 16%, 2.3% and 9.9%, respectively, to finance large pipeline projects, such as the East Siberia-Pacific Ocean pipeline.

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