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Oil pipeline monopoly to pay fish farm $31 mln for oil spill

13:37 20/12/2011

MOSCOW, December 20 - RAPSI. Transneft will pay the Borok fishery $30.95 million for the March 2007 accident at the oil product pipeline, the pipeline monopoly's report reads.

In October 2010 the Nizhny Novgorod commercial court examined Borok's lawsuit in connection with the accident which took place at the oil pipeline in March 2007 and decided to fine Transneft 1.187 billion rubles ($37.03 million rubles) to compensate for losses.

In March 2011 the first commercial court of appeals amended the decision and awarded the fishery 992 million rubles ($30.95 million).

As it was reported earlier, on March 12, 2007, the pipeline became depressurized and then diesel fuel spilled. First it leaked on the ground, then in the Shavka (Shava) river.

In June 2007, the farm which is located not far from the pipeline filed a lawsuit on the recovery of damages caused by the leakage. The claim amounted to 10.46 billion rubles ($362.35 million).

In May 2008 Borok Fishery Farm filed another lawsuit worth 12.969 billion rubles ($404.63 million). Therefore the claims amounted to a total of almost 23 billion rubles ($717.6 million). Transnenfteprodukt said then that the amount in each suit exceeded the cost of all the fishery's assets by several times.

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Oil pipeline monopoly to pay fish farm $31 mln for oil spill

13:37 20/12/2011 Transneft will pay the Borok fishery $30.95 million for the March 2007 accident at the oil product pipeline.
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