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Russia's new pipeline rules
26.04.2011 15:31
Russia's new pipeline rules

The Russian Energy Ministry is going to ban the concessions for the access to the system of main pipelines of Transneft for oil companies. This might lead to the loss of the export capacity and may reduce the raw materials export from Russia.
      The Ministry of Energy, guided by the government, has approved the new rules for the access to oil pipelines. The new law will ban the producers of raw materials to agree on a mutual exchange or sale of quotas on oil exports, making the business unprofitable for the suppliers. Companies may sell part or all of their quotas on to others.
      According to the Forexpros, traders said the decree does not clearly define how companies may trade their pipeline access rights. The resulting bureaucratic deadlock may lead to "thousands of tonnes in losses" in export volumes.
Author: Ksenia Dzhalagonia


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