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Ukraine, Azerbaijan mull oil supplies to Kremenchuk refinery

Oil&Gas Materials 21 September 2011 14:26
The National joint-stock company Naftogaz Ukrainy is having talks with Azerbaijan on oil supplies for processing at the Kremenchuk oil refinery, Naftogaz deputy board chairman Vadym Chuprun was quoted as saying by Ukrinform.
Ukraine, Azerbaijan mull oil supplies to Kremenchuk refinery

Azerbaijan, Baku, Sept. 21 / Trend , S.Aliyev /

The National joint-stock company Naftogaz Ukrainy is having talks with Azerbaijan on oil supplies for processing at the Kremenchuk oil refinery, Naftogaz deputy board chairman Vadym Chuprun was quoted as saying by Ukrinform.

He said the company's delegation visited Azerbaijan on Sept.19, but a final agreement has not been reached yet.

Today, the State Oil Company of the Azerbaijan Republic (SOCAR) carries out oil supplies on CIF conditions to the Kremenchug refinery, and two Western refineries - Nadvoryan and Drogobych.

According to the Ukrainian Energy and Coal Industry Ministry, deliveries of Azerbaijani oil to the Kremenchug refinery increased by 2.1 times in 2010 - up to 1.614 million tons compared to 2009.

Its transportation was carried out mainly on the route "Oil delivery point Odessa - Kremenchug', which has a tariff of $20.5 per ton.

SOCAR delivers oil to the Kremenchuk refinery for processing and then gets the processed oil for further sale. This system is useful for SOCAR in light of plans to open filling stations in Ukraine, as well as start bunkering operations in the country. There are several gas stations under the brand of SOCAR in Ukraine, and a major bunkering vessel has been launched into the water. According to the company's plans, about 1,000 SOCAR gas stations will be opened in Ukraine by 2025.

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