Oil Sector News

Belarus wants $70 million compensation for contaminated oil from Russia

In April, Belarus reported a sharp deterioration in the quality of Russian oil.

China has created a national oil and gas pipeline operator

The creation took place as part of the largest reform of the energy sector.

Opimakh presented the Investment atlas of the subsoil user

In 2020, the State Service of Geology and Subsoil expects to attract at least 800 million UAH of investments.

The contract with Russia will bring Ukrtransnafta €1.5 billion

Transneft and Ukrtransnafta signed a 10-year transit contract.

Ukrtransnafta increased volumes of oil transportation by 30% in November

The total volume of oil transportation is 1.536 million tons.

Turkey plans to drill 5 more wells off the coast of Cyprus in 2020

By 2023, Turkey plans to drill 26 wells.

Oil Sector Analytics

Energy consumption in Ukraine in January-October 2019

The State Statistic Service of Ukraine recorded an increase in propane-butane consumption by 20.5%.

Dynamics of oil transportation in Ukraine (10 months of 2019)

Ukrtransnafta pumped by 13.2% more oil to Kremenchuk refinery, the only one functioning plant in Ukraine, during 10 months than last year.

Oil price dynamics against the backdrop of tensions in the Middle East

After trading on September 16, the futures of benchmark oil, Brent and WTI increased by 12.4% and 14.7% respectively

Dynamics of oil transportation in Ukraine (August 2019)

In August 2019, oil transmission by Ukrainian pipelines increased by 27.9%