Russia's Rosneft oil major claims Druzhba crisis still unresolved
Russian oil major Rosneft claims that state oil pipeline operator Transneft has failed to resolve all the issues with chlorine contaminated oil, Reuters reported on September 3 citing the announcement of Russia's largest crude oil producer.
"Currently the destination of mixed oil [clean oil mixed with contaminated oil] remain undetermined, the claims of affected counteragents and sellers are not settled," Rosneft claims despite previous reports suggesting the opposite.
Exports and output of Rosneft and Tatneft oil companies suffered the most when this spring oil supplies through Druzhba pipeline and Ust-Luga port were botched by chlorine-contaminated crude.
Rosneft had been hard-pressing the government and Kremlin for compensations, not only for Druzhba disruption, but also for lower output under the Opec+ output cut deal and Arctic extraction development.
The company also claims that Transneft is single-handedly deciding how to mix the contaminated oil that has been pumped back to Russia with clean crude, without letting the sellers control the quality of oil.
As reported by bne IntelliNews, the revenues of Tatneft were flat q/q at $3.4bn in 2Q19 under IFRS, despite 9% q/q increase in oil price, due to 20% export duty q/q increase and issues related to crude contamination in Druzhba pipeline system.
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