Russians close to approval of ESPO oil line tariff

Eric Watkins
OGJ Oil Diplomacy Editor

LOS ANGELES, Nov. 17 -- Russia’s Federal Tariff Service said it expects to approve the tariff for oil transportation through the East Siberia–Pacific Ocean (ESPO) pipeline in late November or early December.

FTS head Sergei Novikov said the tariff should be introduced from Jan. 1, and would be a through rate for eastbound oil exports, with two or three zones for oil exports.

Novikov’s remarks concerning three zones as well as their price structures largely reiterate a proposal made earlier this month by Russia’s state-owned OAO Transneft.

Last week a Transneft spokesman said the firm wants the ESPO line to be divided into the eastern, western, and central export tariff zones, with $34/tonne charged for oil transported via the eastern zone, $48/tonne via the western zone, and $42/tonne via the central zone (OGJ Online, Nov. 9, 2009).

Meanwhile, Russian authorities last week announced that all of the onshore and offshore facilities for oil exports have been finished at the Port of Kozmino—the planned terminus of the ESPO pipeline, now under construction (OGJ Online, Nov. 12, 2009).

Contact Eric Watkins at hippalus@yahoo.com.

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