Ukrtransnafta PJSC (operator of the oil transportation system of the Ukraine) in future plans to increase the volumes of Azeri Light oil shipment to the Kremenchug oil refinery plant up to 1.9 mln
Azeri oil has been pumped for the first time by Odessa-Kremenchug oil pipeline for processing in the UkraineEdited by Rhod Mackenzie / 2017-03-13 12:50:11
Last week Ukrtatnafta received the first lot of Azeri oil by the Odessa-Kremenchug oil pipeline.
The new tariffs for the transit of Russian oil through Belarus might act from February 1st, 2017, as the official representative of "Transneft" Igor Demin announced.
This year, two working Ukrainian oil refineries - Ukrtatnafta (Kremenchug) and Shebelinka gas processing plant (owned by the state-owned company Ukrgasdobycha) - finally pleased with the news, caug
PJSC "Ukrnafta" had broken the commission agreement of itsown filling stations with PJSC "Ukrtatnafta" (the Kremenchug oil refinery), signed on April 30, 2015, a representative of one of the shareholders of "Ukrnafta" told the "LІGA.net" portal.
According to him, the contract was terminated more than a month ago. The source did not report other details.
Naftogas has fully lost control over Ukrtatnafta after the change of the law on joint stock companies, the chairman of Naftogas, A. Kobolev, said.
Delegates say that they helped Naftogas that holds the state package of Ukrnafta to gain control over this company. On the other hand, these amendments “helped” to fully lose control over another important company – Ukrtatnafta.
Kobolev said that with the current market environment the oil processing complex of Ukrtatnafta is attractive.
With low oil prices and current high prices for gasoline in the Ukraine, this is quite a profitable business. We have fully lost control over Ukrtatnafta and it is almost impossible to return it now, he said.
The control over Ukrtatnafta allows Privat group to influence on the business of Ukrnafta.
Anyway Ukrnafta will have to agree with I. Kolomoisky on the processing of this oil at the only existing oil processing plant – Ukrtatnafta, A. Kobolev, said.
In January-March, Ukrtatnafta (Kremenchug refinery) imported about 175 thousand tons of oil CPC Blend grade from Tengizchevroil (Kazakhstan).
About 85 thousand tons of oil were imported in January, 47 thousand tons in February and 43 thousand tons in March.
Ukrtatnafta (Kremenchug oil refinery) in Q1 2016 made a net loss of 135.079 mln grivnas against 1.553 bln grivnas of net profit in Q1 2015.
The net profit of Ukrtatnafta in Q1 fell by 27.9% (by 1.693 bln grivnas) against Q1 2015 to 4.384 bln grivnas, gross profit – by 7 times to 226.821 mln grivnas.
The revenue of Ukrtatnafta in Q1 from the sale of produced oil products in the domestic market made up 3.727 bln grivnas (-21.2% against Q1 2015), from the sale of purchased for resale oil products – 449.009 mln grivnas (fell by 2.3 times), from the sale of oil products for export – 139.7 mln grivnas (-17.2%), from the sale of other services – 68.818 mln grivnas (growth by 3.9 times).
The value of raw materials in the total prime cost of sale made up 3.26 bln grivnas, value of sold oil products that were purchased – 470.3 mln grivnas, value of services on heat an electric supply – 255.4 mln grivnas, expenditure for personnel – 61.3 mln grivnas, repair and technical maintenance – 6 mln grivnas, wear out an amortization – 27 mln grivnas, other expenditure – 73 mln grivnas.
The Galichina oil refinery complex (Drogobych oil refinery plant) in 2015 reduced net loss by 15.4% against 2014 to 57.474 mln grivnas.
The company’s net profit in 2015 fell by 4.5 times to 853.952 mln grivnas, gross profit made up 11.304 mln grivnas against 17.72 mln grivnas of gross loss in 2014.
The Drogobych oil refinery plant is one of 3 enterprises in the structure of Privat group at which about 40 thousand tons of technological oil of Ukrtransnafta is stored. In 2015 the enterprise rented the reservoirs at 6.40 grivnas/ton a day.
On April 13th 2016 the Supreme Court of the Ukraine rejected the cassation appeal of the Galichina oil refinery complex (Drogobych oil refinery plant) for the decision of the Kiev Court of Appeal, according to which the lease agreement of reservoirs for the storage of technological oil of Ukrtransnafta to Ukrtatnafta was proved invalid. The court canceled the decision on the collection of over 38 mln grivnas of debt and sanctions by the agreement of reservoirs lease.
"Tatneft" has sued him in Britain.
"Tatneft" has put forward new legal claims on the case of the seizure of the largest in the Ukraine Kremenchug oil refinery, which the company controlled until 2007. At this time the Russian company plans to recover $ 334 million of debt and interest for the supply of oil to the plant in an English court, among the defendants aew the co-owners of the "Privat" group of Igor Kolomoiskiy and Gennadiy Bogolyubov. But, according to lawyers, it is likely that the English court will not consider the claim, as it is not obvious whether the case comes under its jurisdiction.