Russia to bypass Ukraine with new oil pipeline

May 17, 1999 02:00 AM

The Rostov region's Governor Vladimir Chub and Transneft President Dmitry Savelyov signed an agreement to build a 240-km pipeline in the region. With the new pipeline, Russia will be able to do without a 300-km section of the current pipeline crossing Ukraine, which now charges Russia $ 2.35 per ton of oil in transit fees. On the new section, the tariff is expected to be $ 0.42 per ton. The project should take $ 100 million and one year to complete. Construction is due to commence this year.

Source: SEGODNYA via NewsBase
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