Ukrtransnafta intends to transport oil from Azerbaijan to produce Euro-5 gasoline

04.11.2016 16:50 1536

Ukrtransnafta PJSC has addressed the Cabinet of Ministers of Ukraine with a request to allow the delivery of the Azerbaijani oil Azeri to Kremenchuk oil refinery (Ukrtatnafta PJSC) to produce Euro-5 gasoline, the press service of Naftogaz of Ukraine NJSC reports on its Facebook page.

“Currently, the Odesa-Kremenchuk pipeline contains the Russian oil Urals. Kremenchuk oil refinery cannot produce Euro-5 gasoline by using this oil. Therefore, in cooperation with Ukrtransnafta, Ukrnafta intends to arrange the delivery of the Azerbaijani oil Azeri,” the report states.

According to Naftogaz, this offers new opportunities for Kremenchuk oil refinery and an additional business area for Ukrtransnafta, resulting in revenues, new jobs and growing tax payments.

“However, the oil contained in pipelines is part of Ukrtransnafta's fixed assets, and a permit from the Cabinet of Ministers of Ukraine is needed to replace Urals with Azeri,” the press service noted.

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