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Russian, Kazakh companies finalize agreements on damage payments for spoiled oil

December 31, 2019/ 09:05

Baku. Russia’s Transneft company and Kazakhstan’s KazTransOil signed agreement on damages for spoiled oil payments to six Kazakh oil companies, Trend reports with reference to Kazakhstan’s KazTransOil JSC.

During November 2019, Transneft and KazTransOil have signed agreements in favor of 32 Kazakh oil companies.

Also,Transneft has paid damages for spoiled oil to 18 Kazakh oil companies. Previously, the damages have been paid for to 14 more Kazakh companies.

In April - May 2019, an emergency situation related to presence of high concentrations organochlorine compounds in transported oil occurred in system of trunk oil pipelines, JSC "Transneft" led the shipment substandard oil for Kazakh shippers to tankers in port Ust-Luga. As a result about 699,000 tons of oil of 38 Kazakh companies were contaminated.

KazTransOil and Transneft agreed on compensation of damage to Kazakh shippers regarding substandard oil shipment in port Ust-Luga, in June this year.

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