CPC to pay 5.3 billion rubles fine for oil spill in the Black Sea

The CPC emphasized its readiness to execute the court decision.

In accordance with the decision of the 15th Arbitration Court of Appeal, the Caspian Pipeline Consortium (CPC) will pay 5.3 billion rubles. as compensation for environmental damage caused by an oil spill into the Black Sea. The CPC emphasized its readiness to execute the court decision.

“The Caspian Pipeline Consortium, being a law-abiding company, will execute the court decision and pay the fine within the time limits established by law. In the future, CPC plans to defend its position on the subject of arbitration in the legal field,” the company told reporters (quoted by RIA Novosti).

A salvo release of oil during loading of the resource from the CPC terminal near Novorossiysk occurred in August 2021. By data scientists from the Space Research Institute of the Russian Academy of Sciences, the oil spill area was about 80 square meters. km.