15:56 23.10.2018

Ukrtransnafta fully completes pumping own oil from Privat Group's oil refinery

2 min read
Ukrtransnafta fully completes pumping own oil from Privat Group's oil refinery

JSC Ukrtransnafta on Monday evening completed pumping last tonnes of its oil from storage facilities of Naftokhimik Prykarpattia (Nadvirna oil refinery), First Deputy CEO Andriy Pasishnyk has told Interfax-Ukraine.

According to him, it was the last of the three refineries, which since April 2014 had stored 385,500 tonnes of the company's crude oil, after it was pumped out of the Ukrtransnafta oil pipelines in the spring of 2014.

"The oil was returned only after the quality and quantity was confirmed by the independent international survey companies Inspectorate and Saybolt," he said.

The rate for storage of oil, according to the settlement agreements approved by the courts, was UAH 3.08 per tonne (including VAT) instead of UAH 9.6 per tonne (including VAT), which the court tried to collect from Ukrtransnafta.

Pasishnyk said that part of the returned oil in the amount of 194,700 tonnes was sold at the exchange trading at the market price by decision of the shareholder. At the same time, the management of the company sent a proposal to sell more than the above-mentioned 194,700 tonnes for approval to the supervisory board of NJSC Naftogaz Ukrainy.

Naftokhimik Prykarpattia claimed in court for the collection of UAH 514.212 million for storage, Ukrtransnafta paid for UAH 348.103 million, Ukrtatnafta's debt is UAH 2.198 billion and the company paid UAH 519.019 million, Galychyna oil refinery - UAH 175.756 million and UAH 48.069 million respectively.

In addition, in the amicable agreements signed, the oil refineries confirmed the absence of claims to Ukrtransnafta for the recovery of court costs.

"Instead of claims filed by Ukrtransnafta with three refineries for UAH 2.888 billion, UAH 9.915 billion was actually paid, according to court rulings. The difference between claims of the refineries and actually paid funds is UAH 1.973 billion," Pasishnyk said.

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