YUKOS Oil Company statement
Posted: 6 July 2004
Further to a Reuters report published relating to "possible reduction in YUKOS export of crude oil and oil products by railway and river transport already in July 2004", the Company considers it necessary to declare that this given statement does not represent the actual situation.
Furthermore, the Reuters report that YUKOS' export of crude oil on the Transneft system is only prepaid until 10 July 2004 and by August YUKOS can have serious problems with pipeline distribution for export, is also incorrect.
The Company confirms that all Transneft transport tariffs have been pre-paid by YUKOS until the end of July 2004 in accordance with an approved delivery schedule.
In addition, YUKOS Oil Company confirms that, subject to available reserves, it continues to meet all its obligations to customers.
For more information see www.yukos.com
Posted by Richard Price,
Editor Pipeline Magazine
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