Business news from Ukraine

UKRAINIAN ENERGY ASSOCIATION OFFERS TO BUILD NEW MODERN REFINERY IN UKRAINE AFTER WAR

The Ukrainian Energy Association (UEA), together with specialists from the Institute of Oil Transportation, proposed President Zelensky, the Cabinet of Ministers and the Ministry of Energy a package of promising directions for the development of the oil refining and transportation of oil and petroleum products, which include the construction of a new modern oil refinery.

“These proposals have both a short-term and a long-term implementation period and should be included in the action plan for the post-war reconstruction and development of Ukraine,” the UEA said on its website.

In addition to the construction of the refinery, the UEA materials also present two more such key areas as the modernization and branching of the network of fuel product pipelines and the completion of oil pipeline routes to open new markets.

“All the proposed cases contain technical and financial and economic calculations, the implementation of which can begin now,” the association says.

At the same time, the UEA has not yet made public more detailed information regarding its proposals submitted to the president and government.

“Experts from the UEA and the Institute of Oil Transportation are convinced that taking into account these proposals will increase the level of Ukraine’s energy independence and send a signal to global energy companies and international financial organizations to invest in restoring Ukraine’s energy sector,” the association said.

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SHEBELYNKA GAS REFINERY RAISES PROCESSING BY 7.6% IN H1

Shebelynka gas processing plant in Kharkiv region in January-June 2019 increased processing of crude oil by 7.6% (17,400 tonnes), compared to the same period in 2018, to 246,900 tonnes.
The Ministry of Energy and Coal Industry told Interfax-Ukraine that in June 2019 processing at the plant amounted to 40,300 tonnes, which is 6.1% (2,600 tonnes) more than in the same month last year.
For the six months, the plant increased production of petrol by 37.3% (by 21,800 tonnes), to 80,300 tonnes, fuel oil by 5.4% (by 2,300 tonnes), to 45,200 tonnes, but reduced diesel fuel by 27.2% (by 3,700 tonnes), to 17,300 tonnes.
The loading of the plant’s capacity through the aforementioned period of 2019 was 49.4% against 45.9% in 2018.
Ukrgazvydobuvannia, 100% owned by Naftogaz Ukrainy, is Ukraine’s largest gas producer, which provides about 75% of the total gas output in the country.
Ukrgazvydobuvannia operates Shebelynka gas refinery, Yablunivske department to process gas, Bazylivschyna condensate stabilization unit, and 19 filling stations in Kharkiv region. The latter sells fuel and liquefied gas of its own production.

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SHEBELYNKA GAS REFINERY RAISES PROCESSING BY 6%

Shebelynka gas processing plant (Kharkiv region) in January-March 2019 increased processing of crude oil by 6% (by 7,000 tonnes) compared to the same period in 2018, to 122,800 tonnes.
The Ministry of Energy and Coal Industry told Interfax-Ukraine, in March 2019 processing at the plant amounted to 44,700 tonnes, which is 25.9% (9,200 tonnes) more than in the same month last year.
For the three months, the plant increased production of petrol by 53% (by 14,000 tonnes), to 40,400 tonnes, fuel oil by 31.5% (by 2,300 tonnes), to 9,600 tonnes, but reduced diesel fuel by 20.3% (by 4,700 tonnes), to 18,400 tonnes.
The loading of the plant’s capacity for the first quarter of this year was 49.1% against 46.3% in January-March 2018.

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