Today the Ukrainian Cabinet of Ministers has signed a Partnership Memorandum with enterprises and companies that operate in the internal market of oil and oil products Trend s Special Correspondent reports from Ukraine that according to the memorandum, the Cabinet of Ministers agreed to establish an expert-analytical group under the chairmanship of Vice-Premier for FEC Affairs Andrey Kluev to comprise of high executive power officials and company executives. This group is recommended to develop and regulate the stabilization reserve of oil and oil products and make any decisions pertaining to the import and export of oil products in keeping with the resource demand and oil price variation.
In turn, companies agreed to raise the amount of oil and oil products being processed in order to satisfy the demand of local consumers, to increase export capabilities of oil refineries and oil export fraction in total export, reconstruct and upgrade the oil refineries for the oil processing to equal international standards etc.
The document does not specify any price index of the oil products.