Karpatnaftokhim will resume import of straight-run gasoline from the Russian Federation

Karapatnaftokhim will resume the import of Russian straight-run gasoline (naphtha) by rail from the Volgograd refinery Lukoil. The company will receive 50 thousand tons of raw materials by rail in November. It is reported by Argus Media.

In January-June, supplies of straight-run gasoline from Russia to Karapatnaftokhim amounted to 171.6 thousand tons, or 30.2 thousand tons less than in the same period in 2018. All supplies were made from Volgograd refinery.

After stopping the import of this raw material from Russia, the company began to purchase straight-run gasoline produced by the Burgas Refinery (Bulgaria), also owned by Lukoil. In June-October, Odesnaftoproduct (Odesa) and the Black Sea Fuel Terminal (Odesa region) complexes received seven tanker shipments of a total volume of about 190 thousand tons for Karapatnaftokhim.  

Recall that from June 1, Russia limited the export of petroleum products to Ukraine. The list of goods for the supply of which the permission of the Ministry of Economic Development is required includes diesel fuel, naphtha, marketable gasoline and liquefied petroleum gas.

Karapatnaftokhim (Kalush, Ivano-Frankivsk region) is one of the largest petrochemical enterprises in Eastern Europe. Production at Karapatnaftokhim was stopped in September 2012. The formal reason for this step was the “unfavorable situation in the market of petrochemical products”. In February 2017, the Russian company Lukoil completed the sale of a 100% ownership interest in LUKOIL Chemical B.V. (the Netherlands), which owns the Karpatneftekhim petrochemical plant. Techinservice Limited bought up to 50% of Karapatnaftokhim from Lukoil.  

 It was previously reported that Karapatnaftokhim began importing raw materials by sea due to Russian restrictions.

Tags: The Cabinet of Ministers, contracts, oil, hydrocarbon production, tariffs, legislation, Top management, energy market, добыча нефти, drilling, RF, foreign affairs, taxes, oil transit, export, import

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