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No conflict between Rosneft and Transneft over Far East’s energy balance

June 12, 2013, 20:12 UTC+3
“This is the wrong interpretation of the issue. There are different approaches,” he said
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PARIS, June 12 (Itar-Tass) - There is no conflict between Russia oil majors Rosneft and Transneft over energy balance in Russia’s Far East, Russian Deputy Prime Minister Arkady Dvorkovich told journalists on Wednesday.

“This is the wrong interpretation of the issue. There are different approaches,” he said.

“The Russian ministries of energy and of natural resources jointly with Transneft are making a forecast balance of oil and oil products supplies,” he noted. “When they make it, we will consider it at a meeting of the government commission on the energy and fuel sector. And we will take a decision ten.”

Earlier, Transneft voiced criticism over the draft plans to increase the capacity of the Eastern Petrochemical Company, which require additional investments to oil pipelines worth 257.7 billion roubles. The company, a monopolist on the oil pumping market, said these plans were inefficient and inexpedient. Rosneft however said it was not ready to finance the modernization of the pipelines.

 

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