• 4 days Retail On Pace For Most Bankruptcies And Store Closures Ever In One Year: BDO
  • 10 minutes America Could Go Fully Electric Right Now
  • 6 days Majors Oil COs diversify into Renewables ? What synergies forget have with Solar Panels and Wind Tirbines ? None !
  • 4 hours Most ridiculous green proposal
  • 8 hours The Leslie Stahl/60 Minutes Interview with President Trump
  • 3 hours Video Evidence that the CCP controls Joe Biden
  • 16 hours Rethinking election outcomes for oil.
  • 10 hours China Sets Its Sights On Global [EV, AI, CRISPR, Fusion, Navel Lint Collector] Dominance
  • 14 hours P@A will cost Texas Taxpayers $117 Billion.
  • 8 hours The City of Sturgis Update on the Motorcycle Rally held there, and the MSM's reporting hence
  • 1 day Even Obama can't muster a crowd to support Biden.
  • 14 hours Australia’s Commodities Heartland Set for Major Hydrogen Plant
  • 17 hours WallStreet Journal editorial " . . Big Tech-Media are the propaganda arm of Democrat Party leading to one party autocratic rule. " This is the State of the Union.
  • 8 hours Permian in for Prosperous and Bright Future
  • 11 hours Clean Energy Is Canceling Gas Plants
  • 1 day Saudi Oil Minister Abdulaziz said getting rid of oil "Far Fetched and Unrealistic". . True. . . but
  • 10 hours Vote Biden for Higher Oil Prices
  • 1 day Irina Slav has a good article - Regarding Investors & Oil
Why Oil Markets Don't Have To Worry About World War 3

Why Oil Markets Don't Have To Worry About World War 3

The assassination of General Soleimani…

Civil Unrest Threatens Miners Across The Globe

Civil Unrest Threatens Miners Across The Globe

Across the globe, civil unrest…

COVID-19 Is Causing The GCC To Crumble

COVID-19 Is Causing The GCC To Crumble

The 39-year-old Gulf Cooperation Council…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

Tainted Russian Oil Crisis May Drag On For Months

It’s been a month since Russian oil flows through the Druzhba pipeline were suspended due to contamination, and despite Russia’s assurances that clean oil will resume flowing through the pipeline westward to Europe in the second half of May, analysts and traders say the progress is very slow while costs could be very high.

Last month, Russia halted supplies via the Druzhba oil pipeline to several European countries due to a contamination issue, which the Russians say was deliberate

Refineries in Belarus, Poland, Hungary, Slovakia, the Czech Republic, and Germany have been impacted by the contamination issue as clean Russian oil is not flowing normally yet, while Western refiners and Russian companies are in a dispute over who’s paying for the clean-up and when.

Western oil traders tell Bloomberg’s Javier Blas that the contamination issue and the subsequent clean-up, blending of dirty oil, and restart of normal deliveries via the pipeline will be much costlier than initial estimates and could take much longer than anticipated.

The cost could be as high as US$1 billion, according to traders and executives at refiners in Moscow, Geneva, and London, who spoke to Bloomberg. Traders also believe that the contaminated oil volume could be as high as 40 million barrels, double the 20 million barrels that Russian officials are claiming.

Earlier this week, Russia said that it is already sending clean within-standards crude oil via the Druzhba pipeline toward Hungary and Slovakia, with first clean oil expected to arrive at the metering stations in those countries within a week.

A spokeswoman for Czech pipeline operator Mero told Reuters on Friday that clean Russian oil via the pipeline is expected to reach the Czech Republic on Monday afternoon. Russian oil reached Slovakia on Wednesday evening.

The now month-long suspension of Russian oil supply to several European countries comes as global supply outages mount with Venezuela and Iran, and with increasing supply disruption risks in Libya and the Middle East.  

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News