Russian FEC seeks to limit producers' costs.

Mar 25, 1997 01:00 AM

Mar. 5, 1997 Russia's Federal Energy Commission plans to cap pipeline transit fees paid by domestic oil producers to transport crude and products, commission chairman Yuri Korsun said recently. Korsun said that the government agency, set up to introduce more market economy elements into energy exports and tariffs, was seeking to limit producers' costs. He said his main task was to prevent unjustified growth in pipeline transport fees and related electricity costs which account for 30 % of transport costs, in order to free up resources at producers and refiners.
The average oil pipeline transit fee in 1997 would fall, he said, because the federal budget had no provision for levying a special pumping fee. The commission wants to award access to oil pipelines by tender, but the plan has met resistance in the Fuel and Energy Ministry.
Russia's 50,000 km (31,000 mile) crude oil pipeline system is run by state monopoly Transneft and has reservoirs with a capacity of 13.3 million cubic metres. The entire system is filled at only 50 % of its total capacity of 500 mm tpy (10 mm bpd) -- but all the export pipelines, with an annual capacity of about 100 mm tpy (2 mm bpd), are full.
Transneft's oil products pipeline system runs 20,500 km (12,700) and has reservoirs of 4.85 mm cm. It has an annual capacity of 60 mm tpy (1.2 mm bpd) but is filled to only 40 % of capacity.

Source: not available
Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
« October 2020 »
1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31

Register to announce Your Event

View All Events