Transneft says delays not caused by sanctions

摘要

Moscow-Russian companies developing greenfields in Siberia are using western sanctions as a pretext for delaying projects which face hurdles including geological risks, the CEO of oil pipeline operator Transneft was reported as saying Friday. “The geological data was calculated inaccurately...[ But] nearly all the companies [that committed to deliver certain volumes of crude from the fields] are now saying that they have got into a difficult situation because of the sanctions,” Nikolai Tokarev said in an interview with an in-house magazine, The Crude Pipeline Transport.