Business news from Ukraine

UKRAINE CUTS OIL TRANSIT TO EURTRANSIT OPE

Oil transit through Ukraine to European countries in January 2020 decreased by 3.6% (by 40,000 tonnes) compared to the same period in 2019, to 1.057 million tonnes, JSC Ukrtransnafta has reported. The volume of oil transportation to oil refineries in the country in January 2020 amounted to 188,500 tonnes, which is 16% (26,100 tonnes) more than in January 2019.
Thus, in January 2020, the share of transit volume in the total transportation of oil (1.246 million tonnes) was 84.9%, the share of pumping to the country’s refineries was 15.1%.

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UKRAINE INCREASES OIL IMPORTS IN 2019

Ukraine in 2019 increased import of oil (according to foreign trade activity code 2709) by 3.1% (by 23,796 tonnes) compared to 2018, to 790,628 tonnes.
According to the State Customs Service, last year oil was imported for $405.748 million, which is 6% less than in 2018 ($431.735 million).
Azerbaijan supplied raw materials worth $309.443 million (a share of 76.26%), the United States for $90.999 million (22.43%), Kazakhstan for $2.596 million (0.64%), and other countries for $2.710 million (0.67%).
In 2019, Ukraine exported 103 tonnes of oil worth $53,000. The entire volume was delivered to Latvia in June.

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UKRAINE REDUCES OIL TRANSIT TO EUROPE IN 2019

Oil transit through Ukraine to European countries in 2019 decreased by 1.6% (by 208,200 tonnes) compared to the same period in 2018, to 13.127 million tonnes, JSC Ukrtransnafta has reported.
The volume of oil transportation to oil refineries in the country in 2019 amounted to 2.382 million tonnes, which is 13.4% (281,300 tonnes) more than in 2018.
Thus, in 2019, the share of transit volume in the total transportation of oil (15.509 million tonnes) was 84.6%, the share of pumping to the country’s refineries was 15.4%.
In December 2019, oil transit through Ukraine by pipelines decreased by 5.7% (by 69,700 tonnes) compared to the same month of 2018, to 1.160 million tonnes, while pumping to the country’s refineries increased by 18.1% (by 31,700 tonnes), to 207,100 tonnes

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UKRAINE RAISES OIL TRANSIT TO EUROPE BY 33% IN NOV

Oil transit through Ukraine to European countries in January-November 2019 decreased by 1.1% (by 138,400 tonnes) compared to the same period in 2018, to 11.967 million tonnes, according to data from JSC Ukrtransnafta. The volume of oil transportation to oil refineries in the country for the 11 months amounted to 2.175 million tonnes, which is 13% (249,600 tonnes) more than in the same period in 2018.
Thus, in January-November 2019, the share of transit volume in total oil transportation (14.142 million tonnes) amounted to 84.6%, the share of pumping to the country’s refineries some 15.4%.
In November 2019, oil transit through Ukraine by pipeline increased by 33.6% (by 334,700 tonnes) compared to the same month of 2018, to 1.330 million tonnes, pumping to the country’s refineries by 10.5% (by 19,700 tonnes), to 206,800 tonnes.

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SLOVAKIA’S NAFTA WINS AUCTION TO DEVELOP OIL AND GAS FIELD IN UKRAINE

Nafta RV LLC, a subsidiary of Slovakia’s Nafta, has won an electronic auction to receive a license for developmet of the Vantazhkivske oil, gas field (Poltava region), according to information on the ProZorro.Sale platform. During the auction held last Wednesday, Nafta RV offered UAH 6.846 million for the license compared with Optima Resource private enterprise, which stopped at the starting price of UAH 6.795 million.
After registering the required documents, Nafta RV will receive a subsurface site for geological exploration and further research and development for a period of 20 years.
According to the materials of the auction, prospective gas resources of category C3 at the Vantazhkivske field were estimated at 3.091 billion cubic meters. It is recommended to drill two exploratory wells with a depth of 5,700 meters and 6,300 meters.
Nafta’s main shareholder is EPH holding of Czech businessman Daniel Křetínský.

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STATE-RUN NAFTOGAZ CREATES OIL DIVISION OF GROUP

NJSC Naftogaz Ukrainy has approved the creation of Naftogaz Oil Trading LLC in the oil division of the group, which will be engaged in trade with oil and petroleum products.
The decision of the shareholders – Ukrtransnafta – dated October 3, 2019 was posted on the website of the oil transmission network operator of Ukraine.
The directorate of Ukrtransnafta is to take the required measures to register Naftogaz Oil Trading LLC and ensure its further functioning.

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