Sectoral technological sanctions imposed by the United States and the EU against Russia in the oil industry may hit the gas. In some cases, oil and gas companies use the same equipment, and in “Gazprom” has recognized that suppliers prefer to err. At the same time, in general, the market is in confusion, neither the Russian oil and gas companies, nor their Western partners still do not understand how to work in terms of sanctions. Attempts to circumvent them are fraught with high fines, so the foreign partners are more cautious.
Members oil and gas industry still has not figured out how to work within the imposed sanctions against Russia showed Conference “Sakhalin Oil and Gas 2014″, which opened in South Sakhalinsk. Speakers tried to comment on the matter in a very streamlined expressions. So, Sakhalin Governor Alexander Horoshavin and Deputy Energy Minister Cyril Molodtcov repeated that sanctions will not affect already existing PSA projects, thereby making it clear that the new risk remains. Mr. Molodtcov acknowledged that the analysis of the legal consequences of not completed and will take time to understand exactly what equipment and what projects are concerned.
Representatives of foreign partners of Russian companies – Shell and ExxonMobil – almost did not play, even though two weeks ago, according to “Kommersant”, expected their active participation. The only report of Exxon Neftegas Ltd on technical, offshore operations. But on the sidelines of the source “b” of the number of European contractors stated that “sanctions have completely changed the workspace”, recognizing that do not fully understand what forms of cooperation “will be able to keep.”
According to the deputy chairman of “Gazprom” Alexander Medvedev, the monopoly on gas projects by 90% provided their technologies and equipment. But he admitted that although the sanctions apply to oil, “codes of a number of industrial products that are the same for oil, gas.” “We are faced with the fact that suppliers, fearing sanctions, trying to sum up the headings under sanctions lists,” – said a top manager. He made it clear that the treatment depends on the position of countries: for example, the German regulators allowed Europipe supply pipes for South Stream, although “there were questions too.”
Source: “b” in one of the oil companies said that the market for almost all face the fact that some contractors refuse to supply, citing the sanctions, although purchases are approved for a specific project and can not be used for other purposes. Others, he said, tightening supply, waiting for clarification of the authorities.
This is also the last week said the head of “Gazprom oil” Dyukov, who said that suppliers are forced to negotiate with the authorities issuing permits for export to Russia, has already signed contracts (see . “Kommersant” on September 22). “Maybe that will have to refuse to work with a number of suppliers,” – he said, adding that “three or four companies” refused to work with “Gazprom oil” on the shelf. At the same time, according to a source, “Kommersant” Russian companies are preparing legal documents with the assessment of the situation for the partners. In LUKOIL and “Rosneft” does not comment on the situation.
Director AK Small Letters Vitaly Kryukov notes that providers have nothing to fear and their reaction is understandable. He recalled that in the summer BNP Paribas paid almost $ 9 billion the United States because of the claims related to bypass sanctions against Sudan, Iran and Cuba. In the same late summer accused German Commerzbank – the fine can not be less than $ 650 million. In this situation, says Mr. Kryukov, cheaper to leave the Russian market. The expert noted that the calculations of Russian companies that Western partners will be able to find loopholes in the sanctions are not justified, because they do not want to risk it.
No comments:
Post a Comment