Kazakhstan’s KazTransOil and Russia’s Transneft have reached an agreement on compensation for damage to Kazakh consignors for the shipment of contaminated oil in the Russian port of Ust-Luga, the press service of KazTransOil said on 25 June.

“We reached an agreement with the Russian partners on the reimbursement of costs to Kazakh shippers for shipping low-grade oil in the port of Ust-Luga,” the press service quoted KazTransOil General Director Dimash Dosanov as saying.

KazTransOil, as a national operator for the main oil pipeline, ensures the interests of Kazakhstan and consignors in the transportation of oil through the company’s oil pipeline system.

 

Full article available: https://www.neweurope.eu/article/kaztransoil-and-transneft-reach-consensus-for-contaminated-oil/