international magazine
09 / 2010

Kazakhstan-Ukraine: Oil transit summit

Ukraine and Kazakhstan have held in September an important economic summit, making an agreement for transit of 120,000 b/d (6mn t/y) of crude oil and supply of additional 40,000 b/d (2mn t/y) of Kazakh volumes for Ukraine's refineries. This will allow Ukrtransnafta, Ukraine's trunk oil pipelines operator, to earn additionally some $25-30mn/y. However, to start the transit shipments, Ukraine requires clearance from the Russian pipeline operator Transneft.. Kazakhstan relies to get the permission due to support of Ukraine in the negotiations held by Kazakhstan and Belarus with the Ministry of Industry and Energy of the Russian Federation.