Transneft Settles Oil Contamination Claims

Russian and Kazakh oil pipeline operators have signed an agreement finalizing compensation to Kazakh producers whose crude was tainted in the Russian pipelines this year, Kazakhstan's KazTransOil said on Monday.

KazTransOil did not announce the total sum of compensation being paid by Russia's Transneft to 38 Kazakh companies for about 700,000 tonnes of crude.

(Reporting by Mariya Gordeyeva; Writing by Olzhas Auyezov; Editing by Tom Hogue)