Opening Asia for Russia

ESPO is operating at maximum capacity, oil supplies from Russia to Asia have increased — Transneft.

02.09.2022 ТАСС 179 просмотров

ESPO is operating at maximum capacity, oil supplies from Russia to Asia has grown — "Transneft".


Russian oil supplies to Asia have increased, the ESPO pipeline (Eastern Siberia — Pacific Ocean) is operating at maximum capacity, said Nikolay Tokarev, president of Transneft, whose words are quoted in the journal Pipeline Oil Transport.


"In accordance with the wishes of our customers, we have rebuilt the logistics chains. In some areas, primarily Asian, the volume of deliveries has increased. The ESPO oil pipeline is currently operating at maximum capacity," he said.


Transneft managed to maintain cooperation with its main partners in the main export directions, Tokarev noted.


"Supplies of oil and petroleum products are proceeding normally, without violations of deadlines and without any failures on the part of Transneft," the head of the company added. All production plans are carried out by the company without significant changes, including in relation to the Druzhba oil pipeline.


"In early August, pumping along the southern branch of the pipeline was suspended (Druzhba — approx. TASS). This situation was provoked by the actions of unfriendly countries, which were guided by purely political motives, far from common sense and economic expediency. However, thanks to the immediate and constructive support of our partners in Hungary, this artificial obstacle was quickly overcome. We consider this not only a production achievement, but also a convincing demonstration of our rightness and the strength of our long—term cooperation with colleagues in Europe," concluded the President of Transneft.


Transneft reported that on August 4, Ukrtransnafta stopped pumping oil from the Russian Federation through the southern branch of the Druzhba oil pipeline system to Hungary, the Czech Republic and Slovakia, since the Russian side cannot make a payment for transit under EU sanctions. Transneft also stated that it had notified all parties about the situation and was working on alternative payment options for services.


Later, the Hungarian company MOL and the Slovak combine Slovnaft agreed with the Ukrainian side to resume oil supplies via the Druzhba pipeline. This became possible after both companies made a payment for transit.

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