Page 15 - FSUOGM Week 33 2019

FSUOGM
NEWS IN BRIEF
FSUOGM
Na ogaz group remains Ukraine’s biggest taxpayer. In 2018, the group paid UAH137.8bn in taxes and dividends to the state and local budgets.
Naftogaz, August 14 2019
Polish pipeline operator to
use contaminated Druzhba
oil
e Polish operator of the Druzhba oil pipeline, PERN, is mixing clean oil with crude contaminated with organic chlorides still stored in Poland, in order to produce oil that can be re ned, the deputy president of Poland’s Lotos re ning group, Jaroslaw Kawula, told reporters on August 20.
“PERN is making oil blends which meet all quality requirements when mixing them with clean crude... Such oil can be re ned safely,” he explained. It was discovered that millions of barrels of oil in the Druzhba oil pipeline had been contaminated in April with organic chlorides, forcing re ners across Eastern Europe to half operations. Kawula said Lotos was yet to calculate losses it incurred from the crisis.
August 20 2019
CENTRAL ASIA & SOUTH CAUCASUS
Turkey, Russia & Azerbaijan to hold joint energy forum
Ankara is to host an energy and transportation cooperation forum between Turkey, Russia and Azerbaijan on August 21, organised by the Turkish Institute for Russian Studies (RUSEN), according to Turkish media.
e forum will be attended by experts from the three countries, who will discuss ways
to deepen regional cooperation and solve problems in the energy and transport sectors.
ree sessions will be organised as part of the one-day forum.
August 20 2019
Kazakhstan loses another
appeal against Moldovan
investor in $535mn case
e US District Court for the District of
Columbia has rejected for the second time Kazakhstan’s motion to halt further discovery in Stati et al. v. Rep. of Kazakhstan.
e US court’s ruling is the latest development in the Stati parties’ long-running battle to enforce an arbitral award issued in December 2013 for Kazakhstan’s violations
of the investor protection provisions of the Energy Charter Treaty. e Stati parties are seeking discovery of Kazakh assets as a result of Kazakhstan’s refusal to honour the nal $535mn judgment against it.
e US District Court for the District of Columbia dismissed the Racketeer In uenced and Corrupt Organizations Act (RICO) and fraud claims by Kazakhstan against Moldovan businessmen Anatolie Stati and Gabriel Stati, and the two companies they own on March 30.
A er the latest verdict, the Statis’ company
Ascom said in a press release that the court had observed it would “no longer tolerate Kazakhstan’s continued stonewalling of discovery e orts”.
e ruling brought the Statis and their companies Ascom Group, S.A. and Terra Raf Trans Trading Ltd. closer to securing their claims ($520mn at that time) against the state of Kazakhstan.
Under a 2013 decision by the Energy Charter Treaty tribunal, Kazakhstan is required to pay Stati’s company Ascom for
an unlawful oil and gas elds and lique ed petroleum gas (LPG) industry nationalisation.
bne IntelliNews, August 20 2019
Week 33 21•August•2019
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