Several European countries reported disruptions in oil deliveries through the Druzhba pipeline on January 8.
The Belarusian company operating the pipeline said it had reduced the volume of oil deliveries to Europe. The Russian pipeline monopoly Transneft later said it had completely halted oil exports to Belarus, after accusing Minsk of siphoning oil destined for Europe.
The cutoff came shortly after Russia raised the price it charges Belarus for natural gas. Belarus then imposed a transit tax on Russian oil sent through its territory.
The International Energy Agency (IEA) today said the disruption of deliveries does not threaten Europe's oil supply. It said that European countries can draw on strategic reserves if necessary. The agency called for a speedy resolution to the dispute.
Russia And Global Energy Security
An oil field in Russia's Republic of Bashkortostan (TASS file photo)
ENERGY SECURITY is increasingly moving to the top of the EU's agenda in its dealings the outside world. A recent report identifies the European Union's main energy objectives as not just securing gas and oil deliveries from Russia, but also ensuring that it has reliable alternative sources, including in Central Asia. Nonetheless, EU officials say relations with Russia take center-stage in their thinking....(more)