Bloomberg News

Transneft Faces Export Squeeze on Tank-Car Ban, Vedomosti Says

April 03, 2012

OAO Transneft, Russia’s oil pipeline operator, faces a tank car shortage for exports and deliveries to OAO Rosneft’s Komsomolsk refinery after OAO Russian Railways banned the use of some wagons, Vedomosti said, citing a letter from the company to the government.

From April 1, Russian Railways banned Transneft from shipping heavy oil in tanks intended to carry light oil products after several accidents with overweight cars, the Moscow-based newspaper said.

The ban will force Transneft to idle 5,000 of the 8,000 cars it uses to deliver oil from the current end of the East Siberian Pacific Ocean pipeline in Skovorodino to the future end point in Nakhodka on Russia’s Far Eastern coast, Vedomosti said, citing the letter from company President Nikolay Tokarev to Deputy Prime Minister Igor Sechin.

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net


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