OIL & GAS NOTES

Russia, Slovakia agree on crude supplies until 2015

Russia and Slovakia have agreed on long-term crude oil supplies to Slovakia, a Slovnaft official said on May 29. Jaroslav Linkeš, director of Slovnaft's crude purchasing department, said that Slovak Premier Vladimír Mečiar and Russian President Boris Yeltsin had agreed during Mečiar's official visit to Moscow on long-term supplies of Russian crude until the year 2015. Although Linkeš couldn't specify the agreed amount of crude to be supplied, published reports indicated the amount could reach 6-million metric tonnes/year. Slovnaft currently processes about 5-mil mt/year. Russia has been pushing Slovakia to purchase more crude for transit to other countries such as Croatia.

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Illustrative stock photo