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Russian may Give Transneft Control of All Oil Intake Terminals - Report

Gasoil News - Published on Thu, 22 Aug 2019

Image Source: Reuters
A government website, after a privately-owned terminal was blamed earlier this year for contaminating oil supplies reported that Russia may transfer the running of oil intake terminals to state-owned pipeline company Transneft. Prime Minister Mr Dmitry Medvedev will ask the government to consider the move, the website said, after Medvedev met Transneft Chief Executive Mr Nikolai Tokarev. Most of Russia's oil intake terminals - hubs that receive oil from fields before it is moved into Transneft's pipeline network - are controlled by private firms or oil companies.

Mr Tokarev told Mr Medvedev that handing the running of the intake points to Transneft would prevent a repeat of the contamination crisis that hit Russian exports in April, according to a transcript of their meeting on the website.

However, prosecutors have accused a small oil transport firm of pumping toxic chemicals via a private oil terminal into Russia's crude pipeline network that then polluted oil exports to Europe. The crisis led to the suspension of flows through the Druzhba pipeline and hit Russia's reputation as a supplier.

Source :

Posted By : Sanju Moirangthem on Thu, 22 Aug 2019
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