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.
CRUDE OIL, KREMENCHUK, OIL REFINERY, QUALITY, U.S., UKRTRANSNAFTA
Public joint-stock company Ukrtransnafta increased net profit by 40.8% or UAH 620.408 million in 2017, to UAH 2.14 billion, the company has reported.
Net revenue grew by 8.1% or UAH 283.254 million, to UAH 3.788 billion, and gross profit increased 6.8% or UAH 117.325 million, to UAH 1.843 billion.
In 2017, Ukrtransnafta provided for transportation of 16.034 million tonnes of crude oil via its pipelines, including 13.937 million tonnes in transit mode to European oil refineries 1.247 million tonnes extracted in Ukraine and 850,000 tonnes of imported oil to Ukrainian oil refineries.
“Compared with the same period last year, transportation volumes increased by 5.3%, which is linked to an increase in the volume of oil transit to the EU by 0.8% (in particular, towards the Czech Republic, where early 2016 repairs were carried out at a local refinery) and the resumption of transportation of imported oil towards the Kremenchuk oil refinery in March 2017,” the company said.
Ukrtransnafta, 100% of whose shares are in the trust management of Naftogaz Ukrainy, is the operator of the national oil transportation system.
Ukrtransnafta’s trunk oil pipeline system, which includes pipes from 159 mm to 1,220 mm in diameters, stretches 4,767 kilometers and through 19 Ukrainian regions. It has annual capacity to accept 114 million tonnes for shipment and to supply 56.3 million tonnes to Europe.
