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Transneft Slams Rosneft over Tainted Oil Crisis

Gasoil News - Published on Thu, 11 Jul 2019

Image Source: Transneft
Reuters reported that Russian state-owned pipeline monopoly Transneft launched a broadside at Rosneft, publicly criticising the oil producer for dragging its feet over oil quality controls and making unsubstantiated damages claims. Transneft said that Rosneft had been unwilling to help resolve a contaminated oil crisis in the Russian Druzhba export pipeline which began in late April and that the oil producer was seeking compensation from it without any grounds. Rosneft did not immediately responded to a request for comment.

The oil contamination, the largest in the history of the Druzhba pipeline, built in 1960s, further undermined Russia's image as a energy supplier and led to the suspension of operations at several oil refineries in Europe. It has also revived old tensions between the two companies which are both run by close allies of Russian President Vladimir Putin - Igor Sechin at Rosneft and Nikolai Tokarev at Transneft.

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Posted By : Sanju Moirangthem on Thu, 11 Jul 2019
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