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Transneft sets cap of $15/bbl on contamination compensation


Reuters Moscow
Updated: 24-07-2019 14:49 IST
Transneft sets cap of $15/bbl on contamination compensation

Image Credit: Wikimedia

Russian oil pipeline monopoly Transneft said on Wednesday it had set an upper limit of $15 per barrel for paying compensation for contaminated oil and claimants will have to prove they have incurred damage from the contamination.

The company also said in a regulatory statement it has re-appointed Energy Minister Alexander Novak as its board chairman.

Also Read: Kremlin says Rosneft's dispute with Transneft not a matter for Putin

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

COUNTRY : Russian Federation