Druzhba Accident Could Hit Transneft Dividends

摘要

Russian oil pipeline monopoly Transneft might have to lower its div- idend payments as it would be re- sponsible for paying compensation for the contamination of crude oil in the 1 million b/d Druzhba pipeline to Europe. According to Dmitry Kozak, Russia’s first deputy prime minister in charge of the energy sector, Transneft, which missed the high concentration of organic chlorides in the Druzhba line, will pay compensation to all par- ties that can prove damages caused by the accident.