Ukrtransnafta continues to increase oil pumping volumes

Ukrtransnafta increased oil transportation to Kremenchuk refinery in January-November by 12.9% compared to the same period in 2018, to 2.175 million tons. The private company Ukrtatnafta, which owns this oil refinery, has been increasing purchases of imported raw materials since April to increase the load and growth in the production of petroleum products amid a favorable political situation in connection with the change of power in Ukraine.

So, if in the first quarter of this year, the Kremenchuk refinery received only 505.1 thousand tons of oil, or 0.7% more crude than in January-March 2018 through Ukrtransnafta pipelines, then in April-November, then pumping volumes increased by 17.3% compared to the corresponding period last year, up to 1.67 million tons. In addition, after the change of power in the country, Ukrtatnafta began winning lots in tenders for the supply of fuel to Ukrzaliznytsia and many other government agencies.

Ukrtransnafta also reduced oil transit through the main oil pipelines of Ukraine to the refineries of Slovakia, Hungary and the Czech Republic during the first 11 months of 2019 by 1.1%, to 11.97 million tons. The decrease in transit volumes compared to the same period last year by the end of November was significantly less than in previous months.

As previously reported, the overall result for January-November decreased due to a stop in the transit pumping of raw materials from April 25 to May 11 and from May 17 to May 21 due to the flow of oil with an increased content of organic chlorides from Russia to the international oil pipeline system.

The decrease in transit to three countries of Central Europe was blocked by an increase in transportation for the needs of Kremenchuk refinery, which is the only recipient of oil through the Ukrtransnafta pipelines. As a result, over 11 months, the total pumping volume increased by 0.8% compared to January-November 2018, to 14.142 million tons.

In November 2019, oil transportation through the oil pipelines of Ukraine in total increased by 29.9% compared to November last year, up to 1.536 thousand tons. Of these, 206.8 thousand tons (+ 10.5% compared to last year) were delivered to Kremenchuk refinery, and 1.329 thousand tons (+ 33.6%) were delivered to oil refineries in Hungary, Slovakia and the Czech Republic.

Dynamics of oil transportation in 2019:
• January – 1.259 thousand tons (+ 3.3% compared to the same month of 2018);
• February – 1.262 thousand tons (+ 2.4%);
• March – 1.387 thousand tons (+ 8.8%);
• April – 1.040 thousand tons (+ 8.0%);
• May – 641.4 thousand tons (-48.1%);
• June – 1.094 thousand tons (-24.5%);
• July – 1.242 thousand tons (-13.7%);
• August – 1.617 thousand tons (+ 27.9%);
• September – 1.581 thousand tons (+ 17.5%);
• October – 1.481 thousand tons (+ 3.9%);
• November – 1.536 thousand tons (+ 29.9%).

As it is known, about 57% of Ukrtatnafta's shares are owned by companies whose beneficiaries are Privat Group of Ihor Kolomoisky and Gennady Boholiubov, as well as their partner Oleksandr Yaroslavsky, and 43% of the shares are owned by Naftogaz, which has not carried out an operational control on enterprise many years and does not receive dividends from its work.