World of Oil ///

Russia increases Transneft tariffs Russia’s Federal Tariff Service will raise the main tariff for oil pipeline transport by 6% for 2008. Transneft’s tariff applies to the price oil companies pay to Transneft’s regional subsidiaries for actual transportation and what Transneft charges for coordinating the process-the dispatch fee. The transportation fee will be increased by 6%, while the dispatch fee will be increased by 33%. The tariff service also said the tariff on the Baltic pipeline to Russia’s key Primorsk port will increase by 15%. US to implement drilling application fee In 2008 the US Interior Department will begin imposing a $4,000 processing fee for each new oil and gas drilling permit application submitted by energy companies. Congress included the new fee in spending legislation signed by President George W. Bush on Dec. 26, 2007. Oil sands fail environmental tests Alberta’s oil sands projects have received poor environmental marks in a report released Jan. 10.

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