The Ninth Arbitration Court of Appeal terminated the proceedings on the claim of the Rosneft company (MOEX: ROSN), which demanded recovery from Transneft (MOEX: TRNFP) losses due to contaminated oil in the Druzhba pipeline. This was reported by "RIA News" with reference to the case file.
The court considered Rosneft's complaint against the decision of the Moscow Arbitration Court made in December, which rejected the claim. The meeting was held behind closed doors. According to court materials cited by the agency, in October Rosneft received a motion “to abandon the claim in whole or in part.”
In 2019, oil contaminated with chlorides entered the Druzhba pipeline system. Then contaminated oil damaged equipment at the Mozyr refinery in Belarus, and Transneft and European buyers in Poland, Germany, Hungary and the Czech Republic stockpiled the off-spec oil for many months, gradually mixing it with clean oil so that it could be processed.
Transneft reported that it had paid compensation to the victims and settled the consequences of the incident. However, for a number of Rosneft clients, the issue regarding the amount of compensation and confirmation of losses remained unresolved. In the spring of 2022, Rosneft filed a lawsuit, demanding that Transneft return $120.9 million, €47.6 thousand, 5.5 thousand pounds sterling, 73.9 million Polish zlotys and 3.4 billion rubles. (total more than 11 billion rubles). In September, Kommersant wrote that Rosneft will be able to receive compensation from Transneft for the losses of its foreign clients until the end of May 2025, if they are proven, but the limit will not exceed $15 per barrel.
Read more about how Rosneft and Transneft managed to agree to resolve the conflict in the Kommersant article. "Peace, ''Friendship'', pumping".