Ukrtransnafta to transport 2 million tons of Azeri and Kazakh oil

BAKU: Ukrtransnafta, which manages oil transportation operations through the Ukrainian pipeline network and is owned by Ukrainian government, confirmed its plans to transport up to 2 million tons of Azeri and Kazakh oil through its pipelines.

It has been reported by Cabinet of Ministers of Ukraine that by the end of 2016, Ukrtransnafta will finalise few long-term contracts with Azerbaijan and Kazakhstan for the transportation of 1.5-2 million tons of Azeri and Kazakh oil through its southern sea oil terminal.

Earlier in July, the Ministry of Infrastructure of Ukraine approved a 75 percent discount at the port “Southern” tankers transit, including the Odessa-Brody pipeline.

Oil project Odessa-Brody pipeline was planned to diversify oil supplies to Ukrainian refineries and develop the country’s transit opportunities. The construction of the Odessa-Brody pipeline was completed in May 2002.

The pipeline has a length of 674 kilometers and a diameter  of 1,020 millimeters. The capacity of the pipeline and the terminal is up to 14 million tons per year.