February 10th, 2010

Kazakhstan halts crude oil deliveries to Hungary, Slovakia

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Kazakhstan has halted crude deliveries to Hungary and Slovakia via the Druzhba pipeline over a row with Ukraine, prompting Russian oil company Lukoil to intervene to compensate for the loss, Reuters reported on Tuesday, citing traders.

“Kazakhstan has asked (Russia’s pipeline monopoly) Transneft to re-route its supplies (planned for Hungary and Slovakia) to other destinations,” a source told Reuters under anonymity.

Lukoil will re-route some 300,000 tonnes of Ural crude from the Polish port of Gdansk.

Industry sources said the development followed a move by Ukraine to scrap a crude transit deal with Kazakhstan for 2010 in retaliation for Kazakhstan suspending crude deliveries via Ukraine’s Odessa Black Sea port last year.

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