Russia May Halt Oil Supplies On Ukraine Theft

Tyler Durden's picture




 

First it was concerns over whether Ukraine would 'steal' gas supplies bound for Europe as it passed through pipelines in the country and now, as bills remain unpaid, a Transneft unit is threatening to halt Ukraine oil products supply due to pipeline theft.

  • *TRANSNEFT COMMENTS ON OIL PRODUCTS PIPELINE IN UKRAINE
  • *TRANSNEFT MAY STOP WORK OF PRIKARPATZAPADTRANS PIPELINE SYSTEM
  • *TRANSNEFT: $62.7M IN OIL STOLEN FROM UKRAINE PIPE OVER 5 YRS

As Bloomberg reports,

57.9k tons of oil products have been lost from theft in Ukraine and "Transneft expresses hope that the Ukrainian authorities can evaluate the risks of the current situation and not allow a negative scenario to develop."

More boomerangs?

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Wed, 04/23/2014 - 14:43 | 4687422 lolmao500
lolmao500's picture

But but but! Russia should accept theft of their oil... otherwise, they are nazis!!

And the biggest news of the day...

http://the-japan-news.com/news/article/0001227627?utm_content=buffer0a0f...

Obama: Senkakus ‘within scope’ of U.S.-Japan treaty

President Barack Obama—for the first time as an incumbent U.S. president—clearly stated the Senkaku Islands in Okinawa Prefecture are subject to Article 5 of the Japan-U.S. Security Treaty,
in a written reply to questions submitted by The Yomiuri Shimbun.

“The policy of the United States is clear—the Senkaku Islands are administered by Japan and therefore fall within the scope of Article 5 of the U.S.-Japan Treaty of Mutual Cooperation and Security. And we oppose any unilateral attempts to undermine Japan’s administration of these islands,” the U.S leader stated ahead of his visit to Japan starting Wednesday.

Article 5 stipulates U.S. defense obligations to Japan, which apply to territories under the administration of Japan. Obama’s comment therefore means the United States will defend Japan in the event of a Chinese incursion on the islets, over which China also claims sovereignty.

China is NOT a happy camper with this statement...

Wed, 04/23/2014 - 14:47 | 4687437 ShrNfr
ShrNfr's picture

Asshole is going to get us into WW 3 yet the way he is going.

Wed, 04/23/2014 - 14:49 | 4687448 lolmao500
lolmao500's picture

Well he pissed off Russia with the fake Ukrainian revolution... and now China with this disputed islands BS... If I were China, as soon as Obama said this crap, I would have sent the navy to take over the islands.

Wed, 04/23/2014 - 14:55 | 4687477 Say What Again
Say What Again's picture

Zed13Is9d7e3d

Wed, 04/23/2014 - 15:02 | 4687500 Looney
Looney's picture

His teleprompter was loaded with “Go fuck yourself, San Diego”;-)

Looney

Wed, 04/23/2014 - 15:05 | 4687520 Joe Davola
Joe Davola's picture

$12 Mil a year, that's what maybe 200k barrels tops - hell we probably burn that in 15 minutes.

Wed, 04/23/2014 - 15:10 | 4687543 CrashisOptimistic
CrashisOptimistic's picture

I think this refers to siphoning off the pipeline.

The amounts that were metered and just not paid for is well beyond this.

For example the Odessa refinery was cut off in January for non payment, which is not the same as theft -- sort of.

Wed, 04/23/2014 - 17:39 | 4688139 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

I am sure the Russians have known about this for years. They now have the excuse to do something about it with backing from the Vlad.

Thu, 04/24/2014 - 05:41 | 4689553 tonyw
tonyw's picture

one difference with oil is that it is easily transported compared to natural gas.

but hang on a minute, isn't it illegal to export oil from the US?

Wed, 04/23/2014 - 15:04 | 4687515 CrashisOptimistic
CrashisOptimistic's picture

Some guy posted this morning on an oil blog:

Ukraine consumption 320K barrel/day.  Less now that Crimea is gone.

Refineries in Odessa (small) and a big one in east central Ukraine.  The Odessa refinery has not been paying for oil.

Ukraine has some oil production. 80K bpd.  All of it comes from the east part of the country.

The EU and US are INSANE to be trying to hold onto the west part.  It has nothing.

Wed, 04/23/2014 - 15:06 | 4687524 Soul Glow
Soul Glow's picture

Where are the wheat fields?  Open question.

Wed, 04/23/2014 - 15:13 | 4687557 CrashisOptimistic
CrashisOptimistic's picture

I found link and posted it yesterday.

lemme get them:

The short answer is east and south.  The west grows nothing but "sugar beets".  Corn, Wheat, Barley, everything else is east, central and south.

http://www.ukraine-arabia.ae/economy/agriculture/

Arab centric because Ukraine is 4th largest grain exporter in the world and most goes to the Middle East.

Wed, 04/23/2014 - 15:18 | 4687572 Soul Glow
Soul Glow's picture

Thanks for the info.  Most goes to the Mid East eh?  I heard Ukraine supplies Europe with - conservatively - 1/5 of their grain.  That's a huge bread basket.

Wed, 04/23/2014 - 15:23 | 4687589 CrashisOptimistic
CrashisOptimistic's picture

Well, if you want some more eyebrow raising, there's another link floating around

says China has agreed to lease XX million hectares of east Ukraine farmland for 50 years.  Largest non domestic Chinese farm complex in the world.

 

Wed, 04/23/2014 - 20:45 | 4688226 Volkodav
Volkodav's picture

50 year seem outlandish to some, but I was offered 50,000 Hectare farmland lease for min 20 or more year in Volga regions..so this long term to China coulld well be. There is longer term thinking here than Americans short planning...

very low cost or freepay....Putin Administration was basically doing what Great Katerine had done...when invited Germans into same regions to farm and banking

All the progress was terribly destroyed by Bolshevik/Soviet terror and depradations...Recent Russia has effort for restore production on these long abandoned super fertile lands.

 

Wed, 04/23/2014 - 16:01 | 4687757 Wahooo
Wahooo's picture

US Great Plains, Argentina, etc. ukraine will ALWAYS be willing to trade grain for nat gas and oil and at a disadvantage - where are the gas driven tractors, the grain dryers, the diesel locomotives...

Wed, 04/23/2014 - 17:50 | 4688180 Volkodav
Volkodav's picture

Not in the west.

Wed, 04/23/2014 - 15:43 | 4687678 roadhazard
roadhazard's picture

"It has nothing."

 

Eggzachery

Wed, 04/23/2014 - 17:49 | 4688173 Volkodav
Volkodav's picture

Nyet...west, especially far west......it has too many crazy russian hater poles and other ranging from violent killers to not much smart...

otherwise lots of good people also unfortunately, who either was not in on this from the start or awaken by now...

No way will there be any fair election...

Wed, 04/23/2014 - 14:55 | 4687478 SmilinJoeFizzion
SmilinJoeFizzion's picture

He says whatever the prompter tells him to say. Have you seen this guy off-script. Its almost as horrifying as watching him throw out the first pitch in a baseball game, or riding around the Vinyard on grannies bicycle and in her denim pataloons

Wed, 04/23/2014 - 15:00 | 4687493 Soul Glow
Soul Glow's picture

He's just as bad as Bush was:

https://www.youtube.com/watch?v=2wS8B1Qp5kQ

Wed, 04/23/2014 - 15:01 | 4687483 Soul Glow
Soul Glow's picture

And his State Department pissed off Europe with the "Fuck the EU" comment.

Wed, 04/23/2014 - 14:57 | 4687485 Winston Churchill
Winston Churchill's picture

Well, if China was still on the fence at all, that should
put them firmly with Russia.
I can't believe Obozo is this stupid, so it has to be
deliberate mendacity.

Wed, 04/23/2014 - 15:20 | 4687583 viahj
viahj's picture

i duplicated your sentiment exactly below.

Wed, 04/23/2014 - 15:37 | 4687641 hungarianboy
hungarianboy's picture

Article 5 of the Japan-U.S. Security Treaty

 

How many countries support this two country closed deal? I don't think many.

So Obama can go back to the hole where he came from and let the Chinese take some islands.

Thu, 04/24/2014 - 03:17 | 4689466 Invinciblehandaxe
Invinciblehandaxe's picture

If i were China I first would dumb some 250 billion of USA greenshits within minutes and then I would send the military to grab the Islands

Obomber would eat his own shit the very minute

Wed, 04/23/2014 - 14:50 | 4687455 NOTaREALmerican
NOTaREALmerican's picture

He's got to look manly,  otherwise he'll be critized for being soft on them godless commies and next thing you know we'll all be driving small pansy cars and eating Chow-mein with chopsticks (which is what those westcoast liberals have really always wanted anyway). 

Wed, 04/23/2014 - 15:31 | 4687619 pods
pods's picture

After seeing that picture of him on the mountain bike there is no hope of him ever again looking like anything that resembles a man.

pods

Wed, 04/23/2014 - 14:52 | 4687458 McMolotov
McMolotov's picture

It's hard to tell if he's stupid or a puppet. I think the evidence points to stupid puppet.

Wed, 04/23/2014 - 14:54 | 4687473 NoDebt
NoDebt's picture

I don't know if he's stupid or not, but he's definitely an INEFFECTIVE puppet.  Saudi Arabia must be so pissed off at him that he can't get a simple war off the ground in Syria.

Wed, 04/23/2014 - 16:01 | 4687758 Jack Burton
Jack Burton's picture

I think the proof of him being a puppet was his first actions upon being made President. These were to keep the Bush Economic Team in Place and to Keep the Bush Intelligence Team in Place and to Keep the Bush Defense Team in place. These facts are a clear evidence that Obama simply took over the empty suit Bush filled for the real masters of Washington DC, and it ain't the voting public!

Wed, 04/23/2014 - 16:30 | 4687867 MillionDollarBoner_
MillionDollarBoner_'s picture

Hey, Natalya,

I just love it when you say "Bush"

Is that wrong !:O(

Wed, 04/23/2014 - 17:24 | 4688074 headhunt
headhunt's picture

Does that make him a Muppet?

 

Wed, 04/23/2014 - 14:56 | 4687482 HamRove
HamRove's picture

And that's the point, isn't it? Big eared psychopath is in a corner.

Wed, 04/23/2014 - 15:14 | 4687561 McMolotov
McMolotov's picture

"Nobody puts Bobo in a corner."

Wed, 04/23/2014 - 20:39 | 4688676 Buck Johnson
Buck Johnson's picture

I know, and he's to dumb to figure out that it will be extremely bad for everybody.

 

Wed, 04/23/2014 - 14:49 | 4687449 Payne
Payne's picture

We will sell BLM land cheap to the Chinese in NV but we will defend a TINY island 5000 miles away with overwhelming force and debt.  Make sense of that !

Wed, 04/23/2014 - 14:49 | 4687450 Ribeye
Ribeye's picture

lol, hot on the heels of Tony Blairs laughable comments this morning re the middle east, 

this is becoming a fckn horrific parody, 

 

Wed, 04/23/2014 - 14:52 | 4687466 NOTaREALmerican
NOTaREALmerican's picture

Did he say somebody else has the Weapons of Mass Delusion?  

Wed, 04/23/2014 - 15:08 | 4687535 Ribeye
Ribeye's picture

a flavor of his crazy speech this morning, 

'Having been through Iraq, Afghanistan and so on, I know what the difficult consequences are of intervention. But if you look at Syria, you see the consequences of non-intervention, and I think non-intervention there is, I think, something for which we will pay a very heavy price.'

In a major speech in central London, Mr Blair listed nations where he says there is an ‘essential battle’ to be fought against radical Islam, including Iraq, Libya, Egypt, Yemen, Lebanon, Syria, Iran, Pakistan and Afghanistan.

actually, sorry, it wouldn't be so bad if he were crazy, the fact that he's not makes that fckn warmongering shite the worse, especially as he and his buddies are the fckn cause of most of it,  

Wed, 04/23/2014 - 15:33 | 4687624 pods
pods's picture

Yikes, the world would be a better place if his head were to accidentally fall off.

pods

Wed, 04/23/2014 - 16:34 | 4687880 MillionDollarBoner_
MillionDollarBoner_'s picture

Understand the subtext...

IF Moslem = BAD

THEN Joos = GOOD

Got it now..?;O)

Wed, 04/23/2014 - 17:34 | 4688113 Global Hunter
Global Hunter's picture

So if we had it Tony Blair's way we'd pretty much have to invade every Muslim nation on the planet while simultaneously encouraging the citizens of these countries to come live in our western countries. 

Logic left the station a long time ago.

Wed, 04/23/2014 - 15:19 | 4687578 viahj
viahj's picture

well if China was on the fence at all as to whether support the BRICS against the West ($) or to remain in both camps to achieve the best possible rewards, that illusion is now gone.  WW3 lines are being drawn now boys and it will begin with the attack on the GRC$.  there is no going back.  war is coming, prepare accordingly.

Wed, 04/23/2014 - 15:46 | 4687697 CrashisOptimistic
CrashisOptimistic's picture

I am surprised.

Something is going on we don't know about.

The administration is walking into very dangerous stuff repeatedly.

Maybe it's just the election.

Wed, 04/23/2014 - 16:35 | 4687887 MillionDollarBoner_
MillionDollarBoner_'s picture

OR...maybe its the deliberate destruction of US credibility...

Just sayin', like...

Wed, 04/23/2014 - 17:37 | 4688128 richsob
richsob's picture

Petty theft is one thing.  But how about someone getting a wild hair and blowing up pipelines.....in several places.....in Western Ukraine so Russia has to make a really hard decision: do they invade and drive west through Ukraine?  There's a big difference between doing that and screwing around in Eastern Ukraine close to the Russian border.  I hope some dunce/asshole/smart cookie/geo-political genius/mad man doesn't come up with a plan like that.  Just imagine holes blown in the pipelines DEEP in Ukraine.  Putin would have a hell of a choice to make then.  This could get really messed up.

Wed, 04/23/2014 - 14:42 | 4687423 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

57 tons is nothing, a rounding error, equivalent to the aggregate weight of say 200 USA biggins....

Wed, 04/23/2014 - 14:42 | 4687425 StacksOnStacks
StacksOnStacks's picture

What is the average IQ of the world?  It can't be over 13.

Wed, 04/23/2014 - 14:52 | 4687465 Winston Churchill
Winston Churchill's picture

Inside the Beltway maybe.
The SE quadrant drops it down from 40.

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