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Over 90% of Ukrainian oil import accounts for Azerbaijan

Azerbaijan exported oil worth $107 million to Ukraine in the Q1of 2018.

Over 90% of Ukrainian oil import accounts for Azerbaijan


Baku, 10 April - Neftegaz.RU. According to Azerbaijan´s Trend, the country exported oil worth $107 million to Ukraine in the 1st quarter of 2018.

Reportedly, 91.4 % of oil supplies to Ukraine accounted for Azerbaijan. The other suppliers are Algeria with oil exports for $7.2 million (6.1 %), Iran - $1.84 million (1.5 %) and other countries (0.9 %) - $1.1 million.

In total, during the 1st quarter of 2018, Ukraine imported crude oil and gas condensate for $117.1 million, which is by 42.7 % more than in the same period 2017.

UkrTransNafta, the operator of the oil transportation system of Ukraine, resumed the operation of the pipeline from Odessa to Kremenchug from March 10, 2017, and began transporting Azeri Light oil to the Kremenchug refinery.

The agreement signed in late 2016 envisaged the transportation of at least 1.3 million tons of Azeri Light oil to the Kremenchug refinery in 2017. The Kremenchug refinery processes Azeri Light starting from December 2016, but earlier oil was supplied to the refinery by rail.

Author: Maksim Tsurkov

Source : Neftegaz.RU


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