[OilPrice.com Blog] Contaminated oil in Druzhba pipeline to cost Russia estimated $435 million

Contaminated oil in Druzhba pipeline to cost Russia estimated $435 millionMoscow, Russia, May 13, 2019.

As the situation with the quality of oil transported from Russia to Europe via the Druzhba oil pipeline is gradually improved, financial issues have come to the fore. Or, more precisely, the amount this accident will cost Russia has become of great concern.

On May 11, 2019, President of Belarus A. Lukashenko reported that Belarus had lost an enormous amount of money; in particular, it had not received any profit, currency earnings, or transit. A. Lukashenko said the estimated loss of hundreds of millions of dollars was not far from the truth. Vedomosti cites the possible amount of losses on May 13, 2019, as being in the range of $271.3 million to $435.3 million.

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About The Energy Writer

A geophysicist by education, Aleksei Afonin has worked for 15 years as an offshore geophysical engineer, 13 years as a freelance technical translator, and 5 years as a freelance content writer. He has taken part in hydrographic and seismic survey projects for oil and gas industry leaders such as Shell, British Petroleum, Chevron, Gazprom, and other major companies. Geotechnical, geophysical, and hydrographic surveys are his main areas of expertise.
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