Ukraine abolishes group on creation of energy resources supply routes from Azerbaijan

Photo: Ukraine abolishes group on creation of energy resources supply routes from Azerbaijan / Oil&Gas

Baku, Azerbaijan, Sept. 3

By Emil Ismayilov - Trend:

Ukrainian President Petro Poroshenko's decree abolished the group on creation of new routes of energy resources supply from Azerbaijan through Ukraine's territory, Ukrinform news agency said Sept. 3.

The working group was established in 2011 on the instruction of ex-President Viktor Yanukovych, according to the official website of the Ukrainian president.

Poroshenko also ordered abolishing a number of other consultative, advisory and support agencies and services.

Currently, the national oil and gas companies of the two countries are parties to the Sarmatia International Pipeline Company (IPC).

Sarmatia IPC was created July 12, 2004 by the Ukrainian company UkrTransNafta and the Polish company PERN Przyjazn to attract investments to design and complete the construction of the Odessa-Brody Pipeline until the city of Plock.

Sarmatia's shareholders include SOCAR (Azerbaijan's State Oil Company), Georgian Oil and Gas Corporation Ltd. (GOGC), Ukrtransnafta, Polish Przedsiebiorstwo Eksploatacji Rurociagow Naftowych Przyjazn S.A. and Lithuanian AB Klaipedos Nafta with equity participation of 24.75 percent at the key shareholders and one percent at the Lithuanian company.

SOCAR owns a chain of filling stations in Ukraine.

Ukrainian oil refineries are also buyers of Azerbaijani oil.

Edited by CN

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