Kazakhstan establishes oil quality bank

Jul 21, 2004 02:00 AM

An oil quality bank has been established in Kazakhstan. A similar bank is supposed to be established in Russia, a KazTransOil representative said at an international forum in the south Ukrainian city of Odessa.
Hydrocarbon resources databases of oil companies working in Kazakhstan make it possible to identify a consignment of oil. Because of the lack of such a bank Transneft, for example, cannot monitor oil transportation, thus, different oil blends mix during transportation, the KazTransOil representative said.

For Kazakhstan this means $ 6-$ 8 in losses per ton.
Similar banks are supposed to be established for other companies.

Source: RosBusinessConsulting
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