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Ukrtransnafta gets €4.2 million from Russia for low-quality oil

Transneft continues to reserve capacities of Ukrtransnafta that is why the sum of the payments is not final
13:12, 14 November 2019

Open source

Ukrtransnafta received 4.2 million euro from Russian Transneft for low-quality oil from May until November 2019 as the company reported.

“From May until November 2019, Ukrtransnafta got 4.168 million euro from Transneft for capacity reservation of Ukrainian oil transport system as oil with a high concentration of chloroorganic compounds got into it,” the message said.

Transneft continues to reserve capacities of Ukrtransnafta that is why the sum of the payments is not final.

The amount of the payments is established within the acting contractual relationship. It depends on the residue of the volume of low-quality Russian oil in Ukrainian oil pipeline as of first day of each month.

Related: Russia partially compensates pollution of Ukraine's Druzhba oil pipeline

On April 25, 2019, Ukrtransnafta was forced to suspend the transit of oil through the Mozyr-Brody pipeline in connection with information about the flow of low-quality oil from Russia.

On May 11, 2019, the company succeeded to resume the transit of oil to the EU states as the European side confirmed the readiness to admit the oil.

The Ukrainian operator was forced to suspend the transit of oil on May 21 for the second time as the European partners needed more time for preoperational events.

June 9, Belneftekhim company reported that 450 000 tons of poor-quality oil, which had previously been transported to Belarus via the Druzhba pipeline was pumped back to Russia.

 

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