Ukraine to raise oil transit fee

Nov 27, 1998 01:00 AM

The national oil and gas company of Ukraine, Naftogaz Ukrainy, is planning a 20 % rise of the fee for transit of oil through its territory by main pipelines. The step is to compensate a rise in the tariffs for electricity.
The effective tariff of $ 2.35 per one tonne of oil per 100 km does not make up for the piping and pipeline servicing expenses.
Official data says the total length of transit main pipelines on Ukraine's territory exceeds 3,500 km. The design capacity of the pipelines is 86.4 mm tpy.
As much as 52.9 mm tonnes of Russian and Kazakh oil crossed Ukraine by pipe in 1997. The country received about $ 58.8 mm for its transit services.
The Russian and Kazakh transit over the ten months of 1998 totalled 44.3 mm tonnes yielding $ 49.0 mm.

Source: not available
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