Astana 4 °С
Almaty 9 °С
Exchange rates
USD 447.60
EUR 489.41
RUB 5.71
CNY 63.05

Russia's Transneft pays compensation to 14 Kazakhstani oil companies for substandard crude oil

20 December 2019 09:55

NUR-SULTAN. KAZINFORM According to the agreements signed between Transneft PSJC and KazTransOil JSC, which is acting on behalf of Kazakhstani oil companies on the issue of compensation for shipping substandard oil in the port of Ust-Luga, Transneft PJSC paid compensation to 14 Kazakhstani oil companies, the company informs on its website.

As it was previously reported, an emergency in the system of Transneft's trunk oil pipelines caused by the presence of high concentrations of organochlorine compounds in the transported oil occurred in April-May 2019, which led to the shipment of substandard oil for Kazakh shippers to tankers in the port of Ust-Luga. KazTransOil JSC is a National Main Oil Pipeline Operator of the Republic of Kazakhstan. The Company is a part of NC KazMunaiGas JSC Group. The Company owns a diversified network of main oil pipelines with total length of 5.4 thousand km. Production facilities of KazTransOil JSC are located in Shymkent, Karaganda, Pavlodar, Turkestan, North Kazakhstan, Atyrau, Mangistau, West Kazakhstan, Kyzylorda, Almaty, Aktobe regions of the Republic of Kazakhstan. The Company provides oil transportation to Kazakhstani oil refineries and for export in 5 directions: by Atyrau-Samara and Kazakhstan-China pipelines, transshipment to tankers in the port of Aktau, transshipment to rail tanks, transshipment to the CPC system.

Keywords: Oil & Gas,