Business news from Ukraine

Ukraine reduced imports of petroleum products by 13.5%

In January-August 2022, Ukraine imported 4 million 564.904 thousand tons of oil products (according to the HS code 2710: gasoline, diesel fuel, fuel oil, jet fuel, etc.), which is 13.5% less than in the same period last year (5 million 277.684 thousand tons).
According to the State Customs Service, oil products were imported in the amount of $5 billion 231.597 million, which is 69.5% more than in January-August 2021 ($3 billion 86.632 million).
Belarus imported fuel for $793.511 million (share – 15.17%), Russia – for $590.393 million (11.29%), India – for $553.213 million (10.57%), other countries – for $3 billion 294.48 million (62.97%). For eight months of 2021, the total cost share of fuel from Belarus and the Russian Federation in imports was 65%.
In addition, Ukraine exported 54.455 thousand tons (-77.6% compared to January-August-2021) of oil products for a total of $61.854 million (-52.2%) in eight months. The cost of fuel delivered to counterparties from Lithuania amounted to $16.342 million, Turkey – $11.533 million, Estonia – $6.022 million, other countries – $27.957 million.
As reported, Ukraine imported 8 million 790.515 thousand tons of oil products in 2021, which is 9.6% more than in 2020 (8 million 23.072 thousand tons).
Oil products were imported in the amount of $5 billion 614.787 million, which is 65.3% more than in 2020 ($3 billion 396.929 million). Incl. Belarus imported fuel for $2 billion 351.116 million (share – 41.87%), Russia – for $1 billion 240.513 million (22.09%), Lithuania – for $654.584 million (11.66%), other countries – for $1 billion 368.574 million (24.37%).

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“Rudomaine” will expand warehouse of PMM to increase the storage of light petroleum products to 200 cubic meters. m

“Rudomaine” LLC (Kryvyi Rih, Dnipropetrovsk region), which is engaged in iron ore mining, intends to reconstruct the storage of fuel and lubricant materials (FMM) to increase the storage of light petroleum products to 200 cubic meters. m and arranging a fuel station for refueling the company’s vehicles.
According to the documentation at the disposal of the Interfax-Ukraine agency, the planned activity is determined by the 2nd category 4.2 – “surface and underground storage of fossil fuels or products of their processing on an area of ​​500 square meters or more or a volume (for liquid or gaseous ) 15 cubic meters and more”.
I will not disclose the terms of the reconstruction and the amount of funds for the project.
“Rudomine” LLC was registered in May 2010. The main type of activity is iron ore mining. According to the company, it actively works on the territory of Ukraine, the CIS and Europe. Since 2005, it has processed more than 20 million tons of substandard ores of the Kryvyi Rih iron ore basin.
As of the end of 2020, two beneficiation factories were up and running. The production capacity of the enterprise was up to 4 million tons of raw materials per year with an iron content of at least 38%. Production of finished products with an iron content of 50-59% (fraction 0-10 mm) amounted to about 1.5 million tons per year.
According to the Unified State Register of Legal Entities as of September 2021, the company “ARDK Mining Asset Management Holding Ltd.” is owned by the company. (Cyprus) is a 100 percent share of “Rudomine” LLC. The ultimate beneficiary is Andreu Katya, a citizen of Cyprus.
Previously, the owner of “Rudomine” LLC was the company “Fernando Trading Ltd.” (West Indies) with the ultimate beneficiary – resident individual Anatoly Medvedev.

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Ukraine for 7 months reduced imports of petroleum products by 13.2%

In January-July 2022, Ukraine imported 3 million 933.911 thousand tons of oil products (according to the TNVED code 2710: gasoline, diesel fuel, fuel oil, jet fuel, etc.), which is 13.2% less than in the same period last year (4 million 531.367 thousand tons).
According to the State Customs Service, oil products were imported in the amount of $4 billion 324.218 million, which is 67.7% more than in January-July 2021 ($2 billion 578.915 million).
Belarus imported fuel for $793.511 million (share – 18.35%), Russia – for $590.393 million (13.65%), India – for $451.414 million (10.44%), other countries – for $2 billion 488.901 million (57 .56%). For seven months of 2021, the total cost share of fuel from Belarus and the Russian Federation in imports was 67%.
In addition, Ukraine exported 46.157 thousand tons (-79.4% compared to January-July-2021) of oil products for a total of $48.255 million (-58.5%) in seven months. The cost of fuel delivered to contractors from Lithuania amounted to $16.342 million, Estonia – $6.022 million, Hungary – $3.606 million, other countries – $22.285 million.
As reported, Ukraine imported 8 million 790.515 thousand tons of oil products in 2021, which is 9.6% more than in 2020 (8 million 23.072 thousand tons).
Oil products were imported in the amount of $5 billion 614.787 million, which is 65.3% more than in 2020 ($3 billion 396.929 million). Incl. Belarus imported fuel for $2 billion 351.116 million (share – 41.87%), Russia – for $1 billion 240.513 million (22.09%), Lithuania – for $654.584 million (11.66%), other countries – for $1 billion 368.574 million (24.37%).

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Ukraine cuts imports of petroleum products

In January-June 2022, Ukraine imported 3.221 million tonnes of petroleum products (according to economic activity code 2710: gasoline, diesel fuel, fuel oil, jet fuel, etc.), which is 14.7% less than in the same period last year (3.776 million tonnes).
According to the State Customs Service, oil products were imported in the amount of $3.261 billion, which is 56.3% more than in January-June 2021 ($2.087 billion).
Belarus imported fuel for $753.595 million (its share is 23.11%), Russia – for $569.548 million (17.47%), India – for $283.569 million (8.7%), and other countries – for $1.654 billion (50.72%).
In addition, Ukraine exported 45,564 tonnes (78% less compared to January-June 2021) of oil products for a total of $46.26 million (54.9% less) in four months. The cost of fuel delivered to contractors from Lithuania amounted to $16.334 million, Estonia – $6.022 million, Hungary – $3.606 million, and other countries – $20.298 million.

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RETAIL PRICES FOR PETROLEUM PRODUCTS IN UKRAINE INCREASE AGAIN OVER WEEK

The average retail prices for gasoline in Ukraine increased by 2.5-3 UAH/liter from May 9 to May 16, according to the data of the A-95 consulting group (Kyiv).

Thus, the average retail prices for A-92 gasoline increased by UAH 3.04/liter over the week, to UAH 39.85/liter, A-95 by UAH 2.42/liter, to UAH 40.12/liter , premium A-95 – by 2.63 UAH / liter, up to 41.66 UAH / liter.

In addition, retail prices for diesel fuel increased by UAH 0.17, to UAH 43.25/liter, for liquefied gas, by UAH 2.44/liter, to UAH 35.1/liter.

Change in average retail prices for petroleum products in Ukraine, UAH/liter

A-92  A-95  A-95+ DT   LPG
04/18/21 33.70 34.05 35.09 37.78 28.82
04/25/22 33.65 34.06 35.24 38.35 29.99
04/29/22 34.01 34.63 35.57 39.15 30.58
02.05.22 35.12 36.13 37.24 40.81 30.87
05/09/22 36.81 37.70 39.03 43.08 32.66
05/16/22 39.85 40.12 41.66 43.25 35.10
rev. per week,% +8.3 +6.4 +6.7 +0.4 +7.5

Data: “A-95”

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UKRAINE IMPORTED PETROLEUM PRODUCTS WORTH $2.6 BLN IN JAN-JULY

In January-July 2020, Ukraine imported 4.5 million tonnes of petroleum products (according to FEACN code 2710: gasoline, diesel fuel, fuel oil, jet fuel, etc.), which is 3.1% more than in the same period last year (4.4 million tonnes).
According to the State Customs Service, oil products were imported in the amount of $2.6 billion, which is 34.7% more than in January-July 2020 ($2 billion).
Fuel was imported from Belarus for $1.1 billion (share – 43.05%), Russia – for $616.3 million (23.9%), Lithuania – for $315 million (12.22%), and other countries – for $537.3 million (20, 83%).
In addition, Ukraine exported 223,888 tonnes (plus 52.3% compared to January-July 2020) of oil products for a total of $116.22 million (plus 67.4%). The cost of fuel delivered to counterparties from Latvia amounted to $24.7 million, Malta – $17.2 million, Turkey – $13.7 million, and other countries – $60.6 million.

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