Ukrtatnafta ready to refine Azerbaijani oil
By Nigar Abbasova
Ukrtatnafta, a Ukrainian oil refining company, is preparing to refine the first batch of Azeri Light oil, low sulphur crude that Azerbaijan sells to the world market.
Some 80,000 tons of crude will be delivered to Kremenchug Refinery for processing. The total volume of the deliveries is expected to amount to 1.3 million tons in 2017.
The supplies are realized in line with the agreement on resumption of crude supplies to Ukrainian refineries inked between the presidents of the two countries. Azerbaijan’s energy giant SOCAR is a supplier of Azeri Light.
“In 2016 the company has managed to increase refining operations by 11 percent due to the project on the diversification of energy supplies, while the volume is planned to be increased by more than 41 percent”
Also, the company plans to extrude some 170,000 tons of Urals oil from one of the sections of Avgustovka – Kremenchuk pipeline and replace it with Azeri Light grade. The process of exclusion will be implemented in January, while supplies of Azeri Light through the pipe will be launched in February.
In Ukraine, SOCAR is represented by SOCAR Energy Ukraine, running a network of 58 refueling stations. The main activity of SOCAR Energy Ukraine is to improve the network of petrol filling stations and organize wholesale of petrol and oil products in the territory of Ukraine.
The company continues to steadily develop its filling stations network both in the capital of Ukraine and other regions. The filling stations are operating under the SOCAR brand in the Kyiv, Odessa, Lviv, Nikolaevsk, Rovensk, Cherkasy, Khmelnytsky and Poltava regions of Ukraine.
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Nigar Abbasova is AzerNews’ staff journalist, follow her on Twitter: @nigyar_abbasova
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