Business news from Ukraine

UKRTRANSNAFTA CHECKS QUALITY OF U.S. CRUDE OIL, PUMPS IT TO KREMENCHUK OIL REFINERY

JSC Ukrtransnafta, having checked the quality of U.S. crude oil (the Bakken formation), which was delivered by a tanker late last week, has started pumping it into the pipeline towards Ukraine’s Kremenchuk oil refinery.
“After the compliance of the crude oil was confirmed, Ukrtransnafta began pumping oil for its further transportation through the Odesa-Kremenchuk oil pipeline to the Kremenchuk refinery,” Ukrtransnafta said on Facebook on July 13.
As reported, the first batch of crude oil from the United States arrived in Odesa on July 6. It was delivered by the Wisdom Venture tanker.

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NORDIC ENVIRONMENT FINANCE CORPORATION TO GIVE EUR 4.35 MLN TO NORWAY’S NORSK SOLAR FOR CONSTRUCTION OF SOLAR PLANT NEAR KYIV

The Nordic Environment Finance Corporation (NEFCO) will lend EUR 4.35 million to Norway’s Norsk Solar for the construction of a 9 MW solar power plant near the town of Brovary in Kyiv region. According to NEFCO’s press service, Norsk Solar itself will allocate another EUR 4.35 million for the construction of the plant.
“We are happy to be able to join forces with NEFCO to construct this solar power plant in Ukraine. We estimate that it will provide more than 5,000 households with renewable energy over the next few decades,” NEFCO’s press service quoted CEO at Norsk Solar AS Oyvind Vesterdal as saying.
The solar plant is located in the village of Semypolky and will be built on a total land area of 12.6 hectares. The plant is to be commissioned at the end of 2019.
The project owner and majority equity contributor, Norsk Solar AS, is part of the Norsk Vind group.
Norsk Solar is owned by Norwegian Lars Helge Helvig.
As reported, at the end of January, Norsk Solar and the Ukrainian engineering company Pro-Energy, which is owned by Ruslan Delidon and Dmytro Osypov, signed an agreement on the construction of a solar power plant in Kyiv region.

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NAFTOGAZ WILL REDUCE PRICE OF NATURAL GAS FOR UKRAINIAN POPULATION BY 11.7%

NJSC Naftogaz Ukrainy will reduce the price of natural gas for the population by 11.7% (by UAH 648) compared to the June price, to UAH 4,905 for 1,000 cubic meters (excluding VAT, shipping costs and supplier margins), the press service of the company has said. Naftogaz focused on the fact that the final price for consumers will depend on the tariff for gas distribution.
As reported, according to government resolution No. 485 of June 5, 2019, from June Naftogaz is obliged to sell gas to the population at the minimum price of the four market values: the average price of imports according to the Ministry of Economic Development and Trade (UAH 5,161), the company’s price for industry (UAH 5,017), the average weighted price on the Ukrainian Energy Exchange (UAH 4,905), and public service obligations according to resolution No. 867 (the price is calculated in the amount of UAH 7,185).

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IRISH LOW-COSTER RYANAIR TRANSPORTS 500,000 PASSENGERS FROM AND TO KYIV’S BORYSPIL INTERNATIONAL AIRPORT SINCE SEPT 2018

Irish-registered low-cost airline Ryanair (Dublin) transported 500,000 passengers from and to Kyiv’s Boryspil international airport since September 2018 and plans to double this figure until the end of 2019. This was announced by Olga Pawlonka, Ryanair’s international communications manager during the welcoming ceremony of the 500,000th passenger at Boryspil on Friday, an Interfax-Ukraine correspondent said.
“We are developing at a very fast pace in Ukraine. We are thinking about opening directions from all cities of Ukraine. From winter there will be two new routes from Kharkiv, five new ones from Odesa. From the end of October, we will launch seven new routes from Kyiv. Now there are 17 routes from Kyiv , but from winter their number will be 24,” she noted. At the same time, answering a question about the possible opening of a representative office in Ukraine, Pawlonka said that this was impossible. “As Ryanair is a low-cost company, there is only one office in Dublin, from which operations around the world are handled. That is why it is impossible. This is impossible without value increase,” she explained.
As reported, Ryanair in May 2019 launched the Ukrainian version of its official website.

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SEAPORTS OF UKRAINE BOOS FREIGHT HANDLING BY 13% IN JAN-JUNE

Seaports of Ukraine in January-June 2019 handled 72.213 million tonnes of freight, which was 13.2% up year-over-year.
In January-June this year, grain transshipments totaled almost 24.5 million tonnes, which was 34.7% more than over the same period last year, the Ukrainian Sea Ports Authority (USPA) said on its website.
Handling of ore increased by 26.6% to almost 16.5 million tonnes. Also, transshipments of vegetable oil saw a 12.4% increase in the first half of 2019, to 3.167 million tonnes.
According to the USPA, the total volume of transshipments of imported chemical and mineral fertilizers over the six months of the year was over 562,000 tonnes, which was 16.9% higher than the same indicator of the previous year.
During this period, exports increased by almost 9.4 million tonnes (20.3% up) year-over-year and imports grew by almost 11 million tonnes (by 0.4% up), while transit shipments decreased by almost 5 million tonnes (14.9%).
Container handling in January-June 2019 increased by 18.4% to 463,200 twenty-foot equivalent units (TEU).
In 2018, Ukraine’s seaports handled over 135 million tonnes of freight, which was 2.4 million tonnes up on 2017.

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ZELENSKY CRITICIZES ARCELORMITTAL KRYVY RIH FOR ENVIRONMENTAL POLICY

President of Ukraine Volodymyr Zelensky has criticized the Mining and Metallurgical Combine PJSC ArcelorMittal Kryvyi Rih (Dnipropetrovsk region) for failing to fulfill its commitments to improve the environmental situation in the region and urged to provide targeted financial support to people affected by harmful emissions into the atmosphere.
“If this program has been postponed for five years and not agreed with the citizens, I would like to ask you if you can consider some financial compensation for residents of Kryvy Rih, who have suffered for five years, to help them with treatment? I think that the municipality can help us find a list of people who, unfortunately, fell ill with cancer over the years,” he said at a meeting on the environmental situation in Kryvy Rih and Dnipropetrovsk region in Kryvy Rih on Friday.
According to Zelensky, over the past five years, an average of 25,000 people have appeared in Kryvy Rih, who have had cancer in one form or another.

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