Glencore, BP stuck with tainted Russian crude [Reuters]
BP p.l.c. (BP)
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Source: Reuters
Glencore, BP stuck with tainted Russian crude - Reuters 5 Min Read * Some 600,000 tonnes of tainted oil remain unsold * Glencore hardest hit among Russian oil buyers By Olga Yagova, Vladimir Soldatkin and Dmitry Zhdannikov MOSCOW, Aug 21 (Reuters) - BP and Glencore are struggling to sell around 600,000 tonnes of tainted Russian oil more than three months after the contamination was discovered, according to six trading sources. Russia’s oil industry was plunged into a crisis in April after about 5 million tonnes of oil for export was found to be contaminated with organic chloride, a chemical used to help boost oil extraction but which can damage refining equipment. Exports through the Druzhba pipeline that transports oil to Germany, Poland, Hungary, Slovakia, the Czech Republic, Ukraine and Belarus were halted. The Baltic port of Ust Luga loaded some 15 cargoes or 1.5 million tonnes of the contaminated oil for Western buyers. At least 6 cargoes that sailed from Ust Luga remain unsold,
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