The documents signed regard the crude oil supplied by Surgutneftegaz using tank ships from the port of Ust-Luga along with the volumes addressed to the refinery in Leuna, Germany, owned by Total Group.
The settlement amount covers the claims of Surgutneftegaz, Total and related entities, including the claims of the Leuna Refinery in Germany, and does not exceed the upper limit of compensation standing at US$15/bbl of off-spec crude.
Transneft is in the final stage of negotiations with Gazpromneft in relation to supplies for the German refinery of Total.
