Lukoil Cuts Oil Flow To Germany In Pricing Row

Lukoil Cuts Oil Flow To Germany In Pricing Row
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Τρι, 19 Φεβρουαρίου 2008 - 04:33
Russian oil firm Lukoil (LKOH.RS) stopped oil supplies to Germany in February, the result of a pricing row with the monopoly importer of Russian crude into Germany, Sunimex, Reuters reported, citing trade sources.
Russian oil firm Lukoil (LKOH.RS) stopped oil supplies to Germany in February, the result of a pricing row with the monopoly importer of Russian crude into Germany, Sunimex, Reuters reported, citing trade sources.

A trading source was quoted by Reuters as saying "February supplies are zero...the firm was due to ship around 520,000 metric tons (by pipeline) this month, then it halved the plan and later scrapped it all together."

One fifth of German supplies arrive through the Druzhba pipeline from Russia to Germany through Poland and Belarus, and all supplies are overseen by Sunimex, an intermediary which buys crude from Russian firms and sells it to the German refineries of BP (BP), Total (TOT) and Royal Dutch Shell , Reuters said.

LUKOIL declined official comments, Reuters said, while Sunimex wasn't immediately available.

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