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Sechin against the increase in the tariff for pumping oil to China

Rosneft President Igor Sechin is against the proposals of Transneft to raise the tariff for pumping oil to China at the inflation rate, Vedomosti newspaper reported today.

By order of the government in 2015-2017, tariffs will be indexed with a coefficient of 0,9 to inflation, and from 2018-2020 - 0,9-1. But in September, Transneft asked the Federal Tariff Service (FTS) from January 1, 2015 to raise the tariff by an average of 6,75% (90% of the expected consumer price inflation in 2014 - 7,5%), and oil via the ESPO port through the port of Kozmino and the Skovorodino - Mohe branch - by 7,5%, or up to 2237,08 rubles per ton.

The service has supported the monopoly, but so far the draft order of the FTS has not been signed. Meanwhile, inflation in 2014 may turn out to be "significantly higher" 8%, said the Minister of Economic Development Alexei Ulyukaev at the end of October.

Sechin considers the increase in tariffs in the eastern direction unreasonable, he wrote about this on October 6 to Russian President Vladimir Putin. In the letter, a copy of which Vedomosti has, Sechin refers to a contract with CNPC for the supply of oil.

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