Ukraine Imports Iraqi Oil

Oil&Gas Materials 21 February 2008 18:42 (UTC +04:00)

Ukraine, Kiyev. 21 February / corr. Trend Z. Novosvitski/ In Jan 2008, Ukrtatnafta closed joint stock company imported some 80,000 tons of Iraqi oil of Kirkuk brand, Sergey Kuyun, the executive director of UPECO consulting company said in press conference in Kiev, UNIAN reported.

According to Kuyun, it was first import from Iraq in the Ukrainian history. Ukrtatnafta had to import oil from Iraq, due to the stoppage in the supply of oil by Russia.

The oil of Kirkuk brand is close to the Russian brand Urals by its quality, which was supplied to Ukraine before.

In 1994, Ukrtatnafta closed joint stock company was founded by Ukrainian and Tatarstani presidents. Planned production capacity of the company totals to 18.6mln tons a year. 61% of the shares of Ukrtatnafta belong to the Ukraine and 28% to the Tatarstan.