• 14.05.2019 /
• Company news

Kremenchug oil refinery reloaded by Ukrtatnafta oil

Ukrtransnafta May 13 traded 20 thousand tons of Azeri Light oil on the electronic stock exchange at the site of the “Ukrainian Energy Exchange” (UES). This is stated in the press service of the company.

The purchaser of the entire volume of oil was PJSC “Naftohimik Prykarpattya”, which purchased raw materials for processing at the Kremenchug oil refinery (PJSC “Ukrtatnafta”). The implementation of 20 thousand tons of Azeri Light grade oil was carried out on terms of shipment from the oil terminal “Pivdennyi”.

The price at the Ukrtransnafta auction was determined by quotations from the Platts agency Azeri Lt FOB Supsa 15 days prior to the registration of the auction application minus the logistics costs associated with the delivery of oil tankers to Ukraine.

According to the source, the Preliminary auction of Ukrtransnafta for the sale of Azeri Light was held on April 24. On it Shebelinsky plant bought 5 thousand tons, Kremenchug oil refinery – 30 thousand tons.

Previously, Ukrtransnafta announced its intention to sell 100 thousand tons of Azeri oil.

JSC “Ukrtransnafta” is the operator of the oil transport system of Ukraine. 100% of its shares are under the management of Naftogaz of Ukraine. The system of trunk oil pipelines Ukrtransnafta with a diameter of 159 to 1220 mm with a total length of 4.7 thousand km runs through the territory of 19 regions of Ukraine. The volume of oil transportation in 2018 amounted to 15.43 million tons, which is 3.7% less than in 2017. Transit declined by 4.3% – to 13.3 million tons, supplies to refineries – remained at the level of 2, 1 million tons

Source: enkorr