SOURCE: KREMLIN.RU
30 May 2020
ROSNEFT, TRANSNEFT IN NEW FEUD OVER TRANSPORTATION TARIFFS The CEO of Rosneft, Russia’s crude oil major, made a proposal to cut transportation tariffs via the pipeline network that is managed by the Russian oil pipeline monopoly Transneft. The latter firm said these hit to a record-low level, with money flowing out from the federal budget, into pockets of private shareholders. Both parties to the conflict blamed the crisis that sparked off after Russian had pledged to curb its oil output under a landmark OPEC deal. Yet with the federal rescue plan for the country’s oil sector, Rosneft’s Sechin is likely to win the feud. Nonetheless, Vladimir Putin may eventually change his mind after having been in talks with Transneft’s Nikolai Tokarev back on May 28.
www.warsawinstitute.org
25
