Company Denies Breaking UN Sanctions

According to reports, Russian oil major Tatneft has flatly denied buying 1 million barrels of oil from Iraq during the period of sanctions by the UN.

According to an official statement, the company declared that neither Tatneft nor its affiliates have ever participated in any oil deals with Iraq during the period covered by UN sanctions. The Oil For Food programme was the only exception. Tatneft also provided free training for 400 Iraqi oil industry workers at the request of the Iraqi oil ministry and participated in humanitarian aid to the Iraqi population. But Tatneft has never violated the UN sanctions in any way, according to a company statement.