Contents tagged with Transneft

  • Russian Transneft pays compensation to Ukraine for contaminated oil

    The Russian oil company Transneft paid the Ukrainian oil pipeline company UkrTransNafta a compensation in the amount of €2.3 million for the poor-quality oil supplied through the Druzhba pipeline, reads the statement of the UkrTransNafta on Facebook.

    Such compensation will cover the company's lost earnings due to the temporary suspension of transit in April, the company stated. The company specified that the amount of payment is determined under an additional agreement to the current transit …

  • Chlorine-contaminated oil to pour into Russian refineries

    The Russian Energy Ministry has approved a plan to deal with the hundreds of thousands of tons of chlorine-contaminated oil which European buyers refused to accept and which the Russian oil transit monopoly Transneft was forced to pump back to Russia.

    Citing sources in the oil sector, Reuters reported that next week Transneft will begin mixing dirty oil with clean oil and even sending it to Russian oil refineries.

    The processing of the oil mixed with organochlorides will be entrusted to …

  • Russia to pay Kazakhstan $76 million for 'dirty' oil

    The Russian state-owned company Transneft will pay a compensation of about $76 million to the Kazakh national oil transporter KazTransOil for contaminated oil, reports Deutsche Welle news agency.

    "Loss of quality, downtime, and storage are included in the amount of compensation," - said one of the sources of Bloomberg. A formal agreement between the two operators has not yet been signed. Earlier, Reuters reported that Russia will pay Kazakhstan a fixed amount for contaminated oil.

    According …

  • Russian oil extraction hits three year low

    The contamination of Urals oil with chlorides and the subsequent suspension of the Druzhba pipeline, which accounts for 20% of Russia’s oil exports, has forced oil companies to drastically cut down on extraction.

    In the first three days of June, the average extraction of oil and gas condensate in Russia fell from 11.11 to 11.87 million barrels per day, a source familiar with the operational statistics told Reuters.

    Compared to March, extraction has decreased by 430,000 barrels per day (3.8%), …

  • Poland demands compensation from Russia for dirty oil

    Russia and Poland are currently conducting negotiations on how the chlorine-contaminated oil is to be discharged from the Druzhba pipeline, said Russian Deputy Prime Minister Dmitry Kozak, as cited by TASS. Warsaw wants to know how much Russia will be willing to pay if Poland takes on the task of pumping out part of the substandard oil.

    Kozak noted that the matter of cleaning the pipeline has already been resolved with a number of other countries. “Standard oil is already being supplied to …

  • Russia’s largest independent oil refinery suspends operations

    A tax maneuver which the Russian government made in the oil sector in 2018 is achieving its first significant results.

    The Antipinsky Refinery, the largest refinery in the country that does not belong to one of the vertically integrated resource corporations, has suspended its operations.

    The Russian transport monopoly Transneft stopped supplying the refinery with oil and removed it from its shipment plan in May, the company’s spokesperson Igor Demin told TASS on Thursday.

    That same evening, …

  • Putin and Lukashenko discussed contaminated oil supply from Russia

    At the “One Belt, One Road” summit in China, Vladimir Putin announced that he had discussed the low-quality oil supply situation with his Belarusian counterpart Alexander Lukashenko.

    The president said it was necessary to conduct an investigation, not ruling out the involvement of Russian law enforcement and special services if the internal corporate investigation is not enough. “First of all, it is necessary to conduct an investigation at the level of Transneft itself, and to identify the …

  • Czech Republic follows Poland, rejects contaminated Russian oil

    The scandal surrounding the incident at Transneft, which resulted in chlorine-containing substances mixing with Russian oil, continues to gain momentum.

    Poland stopped accepting the oil and closed the western line of the Druzhba oil pipeline, which leads to Germany, early on Thursday. Now the Czech Republic has also stopped accepting the Russian oil, Reuters reports, citing two sources in the market.

    Alongside Hungary and Slovakia, the Czech Republic receives oil through the second, southern …

  • Belarus turns away from Russian oil after quality scandal

    By the end of the year, Belarus plans to start buying oil from sources outside Russia after oil with excess levels of chlorine put Belarusian pipelines and refineries on the brink of technological collapse.

    Deliveries from alternate sources will come in from ports in the Baltic States and Ukraine, Deputy Director General of the Belarusian Oil Company (BNK) Sergey Grib said on Tuesday.

    The company is considering suppliers from Saudi Arabia, Nigeria and Azerbaijan that have grades of a similar …

  • Poland reports deterioration of Russian oil quality

    Poland has recorded a deterioration in the quality of oil received from Belarus via the Druzhba pipeline, reports Forsal citing the Polish pipeline operator PERN.

    PERN received a fax from Gomeltransneft, which reported an increased content of organochlorine compounds in the raw materials, and later “noted this in crude oil that entered Poland”. PERN informed the Polish and German refineries about the decline in oil quality.

    “We are monitoring the situation on an ongoing basis,” stated the …