Pipe of contention. Transneft and Rosneft to continue to dispute because of oil supplies to China

Relations between state Rosneft and Gazprom have worsened again. Rosneft refuses to finance extension of the pipeline system for additional oil supplies to China, which it will be to start in July, offered to lay all costs on Transneft. The oil pipeline monopoly calls the Rosneft’s position “wishes”, which will demand for investments in the amount of 320 billion rubles.

Rosneft is not ready to finance the extension of the oil pipeline system for additional supplies of oil to China by its own, the company’s Head Igor Sechin reported on Tuesday. “This is not our task. Our task is to pay for the transport and watch that tariffs are economically viable. The Transneft’s task is to provide the pumping and receive normal profitability during this, - he explained.