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WATCHING THE WORLD: Price wars

01/08/2007
The Russians continue to have problems over oil and gas with their fellow states in the former Soviet Union. Consider Belarus, where the government has imposed a customs duty on Russian crude transported through the country’s pipelines.Belarusian Prime Minister Sergei Sidorsky said the customs duty would amount to $45/tonne of oil effective Jan. 1.The total customs duty will add up to quite a few dollars, too, since Russia’s oil transit through Belarusan pipelines comes to some 70-80 million tonnes/year and reaches several important markets.The 1,923-km Gomel oil pipeline carries supplies toward Ukraine, Poland, and Germany and accounts for more than 70% of all oil transit thr...
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