Moscow and Minsk negotiated oil transit tariff increase from September

Moscow and Minsk negotiated oil transit tariff increase from September

Russia and Belarus negotiated the increase of the tariff on oil transit via the territory of Belarus by 3.7% from September 1, according to Belneftekhim Company.

"Neither the Russian nor the Belarusian side is able to unambiguously determine volumes of oil transportation in the fourth quarter of 2019. We therefore agreed at the first stage to increase tariffs by 3.7% and return to this issue according to results of operations over the year," the statement reads.

The situation with oil pumping over the Belarusian segment of the pipeline will be analyzed according to results of operations in 2019 and the amount of subsequent change in tariffs will be determined, BelTA news agency reported.

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