Public joint-stock company Ukrtransnafta and public joint-stock company Ukrtatnafta (Kremenchuk oil refinery) have signed an amicable agreement for stored pipeline oil. The document was approved by the business court of Kyiv on January 25 and published in the unified register of court rulings.

According to the agreement, Kremenchuk oil refinery will return 140,200 tonnes of stored pipeline oil to Ukrtransnafta in batches of 10,000 tonnes.

The cost of oil storage in the period from April 2014 through December 2017 is fixed at UAH 2.57 per tonne (VAT included), while earlier Ukrtatnafta demanded to pay UAH 9.60 per tonne. The storage services are estimated at UAH 712.6 million, while initially Ukrtatnafta demanded UAH 2.2 billion.

The document also takes into account the counter claims of the companies appeared for other issues for the amount of UAH 193.6 million. Thus, the final sum Ukrtransnafta is to pay to Kremenchuk oil refinery before March 31, 2018 is UAH 519 million.