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Ukrainian oil refineries reduce Azeri oil imports in 2011

14 January 2012 11:29 (UTC+04:00)
Ukrainian oil refineries reduce Azeri oil imports in 2011

Ukrainian refineries imported 704,700 tons of oil from Azerbaijan in 2011, 56.3 percent less than in 2010, Russia’s state news agency ITAR-TASS quoted government sources as saying.

The purchase of Russian oil by Ukrainian refineries decreased by 21.5 percent to 4.7 million tons in 2011.

Azerbaijan's state oil company Socar carries out oil supplies to Ukraine's Kremenchug refinery and two Western refineries - Nadvornaya and Drogobych.

Socar delivers oil to the Kremenchuk refinery for processing and then gets the processed oil for further sale. This system is useful for SOCAR in light of its plans to open filling stations in Ukraine, as well as start bunkering operations in the country.

There are several gas stations under the Socar brand in Ukraine, and a major bunkering vessel has been launched. The company plans to open about 1,000 gas stations in Ukraine by 2025.

In 2011 gasoline production in Ukraine decreased 8 percent to 2.8 million tons. Production of diesel oil decreased by 21.4 percent to 2.6 million tons and fuel oil - by 11.6 percent to 2 million tons.

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