“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 said.
On June 23, the Arbitration Court of Appeal in Rostov-on-Don upheld the court's decision to recover from CPC 5.3 billion rubles in damages for the oil spill near Novorossiysk.
The incident took place on August 7, 2021, when crude oil was released from the Greek tanker Minerva Symphony.
As CPC later reported, the reason was the destruction of the internal cavity of the hydraulic compensator of the remote mooring device.
According to Rosprirodnadzor, the amount of damage to nature amounted to 4.48 billion rubles.