Ukraine to launch special investigation into fuel imports, levy duties as of Dec 1, says energy minister

18:28, 27.09.2012 1 min read

Ukraine's Cabinet of Ministers has decided to launch a special investigation in the import of oil products to Ukraine, according Energy and Coal Industry Minister Yuriy Boiko.

"… The government has decided to launch a special investigation, and introduce duties on imported fuel as of December 1," reads a posting on Lysychansk City Council's Web site with reference to Boiko.

According to the minister, such measures will support domestic oil refineries.

Boiko forecast that Lysychansk oil refinery, which is currently standing idle, would restart work in the period between November 15 and December 15.

As reported, Ukraine's oil refineries and Shebelynka gas processing plant cut crude refining by 46.4%, to 3.293 million tonnes in January-August 2012. The reduction in supplies and refining is connected first and foremost with the shutdown in March of Lysychansk oil refinery for repairs, with the possibility of future mothballing.