![]() "Unfortunately, in 2019 a string of traders, including VTB Commodities Trading, in violation of agreements that had been previously reached, stopped providing advances for the purchase of petroleum products," the refinery said in a statement. The refinery, which last month announced plans to file for bankruptcy, alleged its insolvency was in part tied to the fact that some traders had stopped making advance payments for oil products. The order also forbade the refinery from selling vacuum gas oil (VGO) to other companies without the consent of VTB Commodities Trading.Ĭourt data on Monday showed there were 346.5 billion roubles ($5.37 billion) of claims against the refinery. The court order applied to the refinery's equipment and property in Russia's Siberian region of Tyumen, as well as petroleum products stored there and at one of its tankers in the northern port of Murmansk, among other assets. Last month, a London court issued a worldwide order to freeze 225 million euros ($251 million) in assets belonging to the refinery in response to a lawsuit by Russia's VTB Commodities Trading. The refinery, which has a capacity of 9 million tonnes per year, had halted operations on several occasions in recent months because of a lack of funds to pay for crude oil deliveries, according to industry sources. MOSCOW- Russia's Antipinsky oil refinery said on Monday it had filed for bankruptcy, weeks after a London court ordered its assets be frozen in response to a lawsuit from a trading house.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |