October 14, 2019 / 6:17 AM / 4 months ago

Lukoil agrees compensation with customers for oil contamination -CEO

RIYADH, Oct 14 (Reuters) - Russian oil producer Lukoil has reached an agreement with its customers about compensation for a major contamination of Russian oil in the Druzhba pipeline earlier this year, CEO Vagit Alekperov said on Monday.

There will be a three-way agreement with Hungarian energy firm Mol and Russian pipeline monopoly Transneft, Alekperov told reporters during a trip to Saudi Arabia. He said Lukoil plans to stabilise its oil supplies to Mol at between 300,000-500,000 tonnes a month. (Reporting by Olesya Astakhova; Writing by Tom Balmforth; Editing by Muralikumar Anantharaman)

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