Lukoil agrees compensation with customers for oil contamination: CEO

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RIYADH – 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 (TRNF_p.MM), Alekperov told reporters during a trip to Saudi Arabia. He said Lukoil plans to stabilize its oil supplies to Mol at between 300,000-500,000 tonnes a month.

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