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Russian Transneft to compensate all parties for dirty oil damages - Mr Kozak

Gasoil News - Published on Mon, 20 May 2019

Image Source: Transneft
Reuters citing, Russia's Deputy Prime Minister Mr Dmitry Kozak, as saying that Russian oil pipeline monopoly Transneft would provide compensation to all parties that could prove real damages from contaminated oil. Russia halted oil flows along the Druzhba pipeline to Eastern Europe and Germany in April because of contaminated crude, contributing to a rise in global oil prices and leaving refiners in Europe scrambling to find supplies.

Mr Kozak said that it could take three to four weeks to get a full assessment of the cost of the damages and size of compensation required.

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Posted By : Rabi Wangkhem on Mon, 20 May 2019
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