MOSCOW, Dec 2 Vitol, the world's biggest oil
trader, will begin exporting fuel oil and diesel from
Turkmenistan via the Russian port of Novorossiisk this month,
five trading sources said, capitalising on its recent success in
restarting Turkmen crude oil exports via Russia.
MOSCOW Russia will pay Kazakhstan compensation of $15 per barrel for tainted oil, industry sources said on Thursday describing the move as a breakthrough in an oil contamination crisis that disrupted Russian and Kazakh flows earlier this year.
MOSCOW/LONDON Russia has agreed to pay Kazakhstan a fixed per-barrel rate of compensation for tainted oil, industry sources said on Wednesday, a breakthrough in an oil contamination crisis that disrupted Russian and Kazakh flows earlier this year.
(This Feb. 14 story corrects the figure in the second paragraph to 200,000 tonnes per month - not per year)
MOSCOW/LONDON, Feb 14 A clash between trading
house Vitol and Azerbaijan's SOCAR over Caspian Sea oil
shipments is forcing Turkmenistan to slash exports of crude due
to a lack of tankers.
MOSCOW Two ships ablaze in the Black Sea region, leaving at least 10 crew dead, caught fire while transferring fuel mid-sea after one vessel was barred from using its usual port in southern Russia due to U.S. sanctions risk, two sources told Reuters.
LONDON/MOSCOW Russian oil major Lukoil is considering selling its Swiss unit Litasco because new U.S. sanctions on Russia will make it harder for the Geneva-based energy trader to raise new funds, industry sources said.