Contents tagged with Ukrtransnafta

  • Ukraine and Russia extend oil transit contract until 2030

    UkrTransNafta and Russia’s Transneft agreed on Tuesday to extend the current contract for transporting oil through Ukraine by another 10 years, until January 1, 2030, the Ukrainian company announced in a press statement.

    The document was signed in Zagreb by UkrTransNafta CEO Mykola Havrylenko and Transneft Vice President Sergey Andronov.

    Apart from extending the contract, another agreement was signed which updates a number of its terms, taking into account the current state of changes in the …

  • Russia pays Ukraine 3.5 million euros in compensation for dirty oil

    Ukrainian oil company UkrTransNafta received from the Russian oil giant Transneft  compensation of 3.5 million euros for the supply of low-quality oil to the Ukrainian section of the Druzhba pipeline, reports UkrTransNafta's press-service.

    "This is not the final amount, as Transneft continues to reserve the capacity of UkrTransNafta [pipelines]," reads the message of the press-service.

    The amount of compensation is determined within the framework of existing contractual relations and depends …

  • Russian Transneft pays compensation to Ukraine for contaminated oil

    The Russian oil company Transneft paid the Ukrainian oil pipeline company UkrTransNafta a compensation in the amount of €2.3 million for the poor-quality oil supplied through the Druzhba pipeline, reads the statement of the UkrTransNafta on Facebook.

    Such compensation will cover the company's lost earnings due to the temporary suspension of transit in April, the company stated. The company specified that the amount of payment is determined under an additional agreement to the current transit …

  • Ukraine resumes transit of Russian oil to Europe

    UkrTransNafta, Ukraine’s oil pipeline operator, announced that the transit of Russian oil through the Druzhba pipeline has now resumed after a temporary suspension due to contamination.

    “This became possible, in particular, after specialists from the Hungarian company MOL carried out additional analysis on the oil in the pipe, and confirmed their willingness to accept it,” the Ukrainian company said in a press release on Saturday 11 May.

    At the end of April, Russia’s oil exports through the …

  • Ukraine stops Russian oil transit

    The national operator of Ukraine's oil transport system Ukrtransnafta in its message on Facebook announced that on the evening of April 25 Ukrainian side was forced to suspend Russian oil transit via the Druzhba pipeline.

    "In accordance with the terms of the current agreement, Ukrtransnafta has the right to stop accepting Russian oil, if the raw materials do not meet the quality indicators. All material losses are borne by the party who did not comply with their duties," said the operator. …