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Russia, Ukraine sign oil transit deal

Moscow and Kiev signed an agreement on Friday regulating changes in oil transit tariffs for Russian oil through Ukrainian territory

Russia, Ukraine sign oil transit deal

The deal,which was initialed on October 27, and was signed by Russia's Deputy Energy Minister Anatoly Yankovsky and Ukrainian Energy Minister Sergei Boiko, is likely to stipulate lower transit tariffs, .

Russian Energy Minister Sergei Shmatko said last month that Ukraine had improved its price guidelines for oil transport tariffs.

In January 2010, Ukraine increased oil transit tariff 30 percent to between 6.6 and 3.9 euros per ton per 100 km.

Ukraine has said it counted on a five-year transit agreement and a volume increase to 25 million tons from the current level of about 17 million tons.


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