Azerbaijan becomes major oil supplier to Ukraine
Baku, Azerbaijan, June 10
By Leman Zeynalova – Trend:
Azerbaijan has become the major oil supplier to Ukraine, according to the data of Ukraine’s State Fiscal Service.
“Crude oil and gas condensate import to Ukraine has increased by 2.9 times in monetary terms in January-May 2017, as compared to the same period in 2016,” the data says.
Reportedly, Ukraine has purchased crude oil and gas condensate valued at $123.2 million in the first five months of 2017.
Azerbaijan and Kazakhstan became the major oil suppliers to Ukraine, accounting for 83.4 percent and 12.6 percent of the country’s crude import, respectively.
UkrTransNafta OJSC, an operator of Ukraine’s oil transportation system, resumed the operation of an oil pipeline from Odessa to Kremenchug on March 10 and started transportation of Azeri Light oil to the Kremenchug refinery.
An agreement signed in late 2016, envisages transportation of at least 1.3 million tons of Azeri Light oil to the Kremenchug refinery in 2017.
The Kremenchug refinery has been processing Azeri Light oil since December 2016. Earlier, oil was delivered to the plant via railway.
Azeri Light oil is produced at the Azeri-Chirag-Gunashli block of oil and gas fields.
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