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KazTransOil says it has deal with Transneft on tainted oil compensation

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Christian Fernsby ▼ | June 25, 2019
Dimash Dosanov, General Director of KazTransOil, and Nikolay Tokarev, President of Transneft, during the meeting of the Board of the International Association of Oil Transporters held in St. Petersburg reached an agreement on compensation to Kazakhstani oil shippers for substandard crude oil shipped from the port of Ust-Luga.
Dimash Dosanov
Asia   Dimash Dosanov, General Director of KazTransOil
“KazTransOil” JSC being the National Operator for Oil Pipelines has to ensure the interests of the Republic of Kazakhstan and oil shippers of Kazakhstan when transporting oil by the Company's oil pipeline system,” - noted Dimash Dosanov.

“The operators of oil pipelines for the first time faced the problem of oil pollution by organochlorine.

I believe that Transneft responded professionally, did everything possible to eliminate the consequences.

We have reached an agreement with Russian partners on compensation for the

hipment of substandard crude oil in the port of Ust-Luga”. The General Director of "KazTransOil" JSC noted that "Transneft" PJSC offered a compensation mechanism that would significantly simplify calculations and payments of compensation for substandard oil.

«Transneft» PJSC will present the details of the proposed mechanism and the amount of compensation to the interested parties in the prescribed manner.