Russian oil pipeline monopoly Transneft should see tariffs for pumping crude oil via its network rise by 5.5% in October after the country’s Federal Tariff Services issued a draft order setting the new fees. Transneft’s first vice president in charge of finance, Mikhail Grishanin, said the pipeline monopoly has already started negotiations on the tariffs for 2013, which should not rise by more than the inflation rate. Transneft also says it will seek higher tariffs once the state, the company’s largest shareholder, decides it should further increase the size of dividend payments as it did earlier for state-controlled oil producer Rosneft (NC Sep.13’12).
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