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MOSCOW, Dec. 9 (UPI) -- Russian pipeline giant Transneft has lobbied federal agencies for permission to increase its transit rates by about 21 percent for 2009, officials said.
The state-owned pipeline firm raised its shipping fees twice, by 19.4 percent in January and again in August by 10.7 percent.
Transneft says transit fees are the only means for the pipeline firm to generate revenue for new projects and maintenance for its massive infrastructure.
Officials with the firm said they had submitted documents to the Russian Federal Tariffs Service to get permission for the 21 percent raise, The Moscow Times said.
Oil majors in Russia have voiced their opposition to the request, saying the collapsing energy market is already burdening the sector. Foreign assets are also difficult to obtain, as the world credit markets are relatively frozen.
Transneft said it was waiting for FTS approval before offering additional information.
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