If the volume reaches 10 million tons, the cost will be brought down to 63 dollars with cuts in tariffs, which could be halved if the volume hits 15 million tons, Babayev said, adding the lowering of tariffs will apply to all oil companies.
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Cheaper By the Gross
Russian Railways said Thursday it will cut tariffs on oil shipment to China in 2005
Russian Railways said Thursday it will cut tariffs on oil shipment to China in 2005, if the transport volume exceeds 5 million tons.
According to Russian Railways' vice president, its revenue calculation is based on 5 million tons of oil supplies to China and the company is ready to provide a discount if supplies exceed the planned minimum.
The current price stands at $72 for each ton of oil transported from the Irkutsk region to the Chinese border.
If the volume reaches 10 million tons, the cost will be brought down to 63 dollars with cuts in tariffs, which could be halved if the volume hits 15 million tons, Babayev said, adding the lowering of tariffs will apply to all oil companies.
If the volume reaches 10 million tons, the cost will be brought down to 63 dollars with cuts in tariffs, which could be halved if the volume hits 15 million tons, Babayev said, adding the lowering of tariffs will apply to all oil companies.
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