TNK-BP reports on higher Odessa-Brody volume for 2007
In January-July 2007, almost 5.3 mm tons of oil were pumped through the Odessa-Brody pipeline, TNK-BP Ukraine
In 2006 TNK-BP Ukraine pumped 3.42 mm tons of oil through the pipeline -- 41 % lower than in 2005.
In 2004 the Ukrtransnafta (Ukrainian oil transportation) company and TNK-BP signed an agreement under which up to 9
mm tons of oil a year was to be pumped through the Odessa-Brody pipeline in the reverse direction (to the Pivdenny
oil terminal near Odessa) over the next three years.
TNK-BP Ukraine's statement said that by July 31, 2007, the overall amount of oil pumped in the reverse direction has reached 15.5 mm tons -- earning Ukraine almost $ 176 mm in transportation costs and port duties.