Bloomberg News

Rosneft Asks Transport Minister to Delay Railroad Tank-Car Ban

May 17, 2012

OAO Rosneft (ROSN), Russia’s biggest oil company, asked acting Transportation Minister Igor Levitin to delay until Aug. 1 a ban on use of certain rail tank cars to transport crude, a company spokeswoman said yesterday.

OAO Lukoil (LKOH), TNK-BP (TNBP) and OAO Bashneft (BANE) also requested a delay imposing the ban on the ground that it could disrupt crude supplies to some of Russia’s largest refineries, Vedomosti reported, citing unidentified company officials.

On May 10, Russia’s federal transport watchdog, Rostransnadzor, ordered the removal from railroads of more than 30 percent of rail tank cars used to move crude and oil products after several serious accidents, the newspaper said.

The ban, which forbids use of tank cars designed for light oil products to transport crude and heavy products, hasn’t yet affected operations at Rosneft’s Komsomolsk refinery in the Far East, according to the spokeswoman, who declined to be identified, citing company policy.

To contact the reporter on this story: Stephen Bierman in Moscow at sbierman1@bloomberg.net

To contact the editor responsible for this story: Brad Cook at bcook7@bloomberg.net


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