Ukraine expects oil refinery throughput to rise next year

Oct 29, 1999 02:00 AM

A Ukrainian official said that increased crude supplies from Russia and Kazakhstan would allow domestic refineries to reverse a decline in throughput next year.
Oil-processing volumes are expected to fall this year from the 1998 figure of 13.3 million metric tons to 12 million tons, but Deputy Economy Minister Viktor Kalnyk said that the figure could possibly rise to 20 million metric tons in 2000.
Ukrainian refineries are due to receive 5 million metric tons of Kazakh oil next year, he noted, and Russian suppliers are supposed to send more. He did not offer a prediction on the exact volume of Russia oil deliveries but stated that government officials hoped the increase would help resolve problems on the local fuel market.
With more raw materials available, refineries will be able to supply more fuel for domestic consumption at a lower price, he explained.
Ukraine's six refineries are capable of processing a maximum of 52 million metric tons of crude oil per year. According to the State Statistics Committee, the plants refined only 9.049 million metric tons of oil in the first nine months of 1999, down from 10.018 million metric tons in the same period of last year.

Source: NewsBase
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