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 volume 13, issue #16 - Thursday, September 04, 2008

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Czechs confirm Russian oil supply at promised levels

01-08-08 Oil supplies from Russia to the Czech Republic have begun flowing at promised levels for August after a July cut, the biggest Czech refiner said, but an oil company source said they would still be 15-20 % below the requested amount.
The drop in July supplies came shortly after the Czech Republic signed an agreement to host a radar base as part of a US missile shield and sparked speculation that the supply reduction was retaliation from Russia. Deliveries to the former Soviet-block country had been cut by around half of the usual 500,000 tons in July due to what Russian supplier Tatneft said was lack of crude.

Russian officials said the cuts were not political, and Prime Minister Vladimir Putin ordered supplies to central European country be returned to full levels.
"It looks like the supplies (today) are in the volumes that have been promised," said Dana Dvorakova, spokeswoman for Czech refiner Unipetrol. "The deliveries have increased."

A Unipetrol source said deliveries at "promisedlevels" meant that Russia was supplying all that it had agreed under contract, but that the amount was actually 15-20 % lower than the firm had requested.
Vaclav Bartuska, the Czech Republic's ambassador-at-large for energy security, said other supply recipients had also received less than requested for August.

Source: http://www.reuters.com



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