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News // Companies

Russia Gives Domestic Oil Firms Equal Access

07 December 2006 , 13:41394
Russia will give domestic oil companies equal access to export pipelines ? a move that is likely to be welcomed by smaller producers.

?We would like to divide export lines in line with the (right) of equal access ? each company should get a bucket in each destination,? Vadim Rybin, head of the oil department with the Federal Energy Agency, was quoted by RIA Novosti.

The Russian official said that the working group made up of specialists from the Federal Anti-Monopoly Service, Industry and Energy Ministry, the Federal Energy Agency and oil pipeline monopoly Transneft, is already working on a relevant document. ?It will be an absolutely new system,? Rybin said. Within the framework of the new system, the companies will be able to retransfer their rights for oil export to different directions in accordance with their interests.

?Of course, we won?t be able to do this right away, in one moment,? Rybin said, noting that the system will need three-four months for ?fitting?, adding that in the end everything will turn out to be ?honest and fair?.

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