Total to seek compensation from Russia for dirty oil

Total to seek compensation from Russia for dirty oil Total will seek compensation for the losses caused by a contaminated oil pipeline which has led to a halving of output at its Leuna refinery in Germany, Chief Executive Patrick Pouyanne told shareholders on Wednesday, Report informs citing Reuters.
Energy
May 29, 2019 17:51
Total to seek compensation from Russia for dirty oil

Total will seek compensation for the losses caused by a contaminated oil pipeline which has led to a halving of output at its Leuna refinery in Germany, Chief Executive Patrick Pouyanne told shareholders on Wednesday, Report informs citing Reuters.

“The impact on us is not nil. The Leuna refinery in Germany, which is at the end of the pipeline, is producing at half of its capacity,” Pouyanne said.

Pouyanne said the costs of the contamination and eventual decontamination were still to be clarified.

“Who is going to pay for the decontamination? There is a significant amount that is being mentioned, around $15 per barrel. At the moment, everyone is looking at the other to find the one who is responsible,” Pouyanne said, answering questions from shareholders.

“We’ll look to recoup the loss we have suffered,” he said.

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