LUKOIL to supply no oil to Germany in April

MOSCOW, March 18 (Reuters) – Russia’s LUKOIL will supply no crude to Germany in April for a third month in a row as it steps up pressure on the importer of Russian oil to the country to get better prices, trading sources said on Tuesday.

“There will be most likely nothing for April, and going forward, talks will be held on a monthly basis,” one source told Reuters.


Russian crude is supplied to Germany via the Druzhba pipeline, which runs from Russia via Poland and Belarus.

LUKOIL, Russia’s second-largest oil producer, wants to clinch direct deals with German refiners instead of supplying oil to Sunimex, a monopoly importer of Russian pipeline crude to Germany, or get better prices from Sunimex.

Reuters