Ukraine’s UkrTransNafta OJSC plans to increase the volumes of Azeri Light oil supplies to the Kremenchug refinery to 1.9 million tons per year in the future, Ukrainian First Vice Prime Minister Stepan Kubiv said in an exclusive interview with Trend.
UkrTransNafta OJSC manages oil transportation operations through the Ukrainian pipeline network.
Since Mar. 10, 2017, UkrTransNafta OJSC has resumed the operation of a section of the pipeline from Odessa to Kremenchuk cities and started transportation of Azeri Light oil to the Kremenchug refinery. The agreement signed at the end of last year implies the transportation of at least 1.3 million tons of Azeri Light oil to the Kremenchug refinery in 2017.
"The transportation of Azerbaijani oil allows UkrTransNafta OJSC to resume the operation of a section of the pipeline from Odessa to Kremenchuk cities and to increase the volume of oil pumped to Ukrainian refineries, as well as the volume of internal oil transportation throughout Ukraine," Kubiv, who is also minister of economic development and trade of Ukraine, said.
Kremenchug refinery processes Azeri Light oil since December 2016, however earlier the oil was delivered to the refinery by rail.