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Transpetrol signs contract with Czechs

MORE than five months into the year, Slovakia's Transpetrol company has finally agreed with Czech companies on the definitive terms for crude oil transport via Slovakia to the Czech Republic for the remainder of 2009. On June 8, Transpetrol signed a contract with the Czech refinery Paramo, the SITA newswire reported.

MORE than five months into the year, Slovakia's Transpetrol company has finally agreed with Czech companies on the definitive terms for crude oil transport via Slovakia to the Czech Republic for the remainder of 2009. On June 8, Transpetrol signed a contract with the Czech refinery Paramo, the SITA newswire reported.

Transpetrol commented that this contract, together with a contract with the pipeline operator Mero, forms the basis of stable crude oil transport to the Czech Republic through the territory of Slovakia for 2009. Until this contract was signed, crude oil transported via Slovakia to the Czech Republic was carried out through preliminary agreements.

“Crude oil transport in the months from January to May 2009 was performed according to the time schedule and has been incorporated in the contract for 2009,” Transpetrol said, as quoted by SITA.
Transpetrol transports Russian crude oil to Slovakia and the Czech Republic.

It also provides storage of crude oil products for its customers and for the state administration's crude oil reserves.

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