25.09.02

Cabinet Of Ministers Plans To Create Neftegaz-Bezopasnost Company

The Cabinet of Ministers is intending to create a company to be named Neftegaz-Bezopastnost.

In the words of the deputy head for the department of security of the Neftegaz Ukrainy Company, Aleksandr Zagoruiko, the new company will provide security for the extraction, processing and transporting of extracted gas, and also fight against unlawful incuts into the gas pipelines.

In the words of Zagoruiko, criminal elements illegally collect yearly more than 300,000 tons of gas concentrate from the tube-pipelines of the state-owned company Neftegaz Ukrainy.

Russia had previously accused Ukraine more than once of insufficient reliability of its gas transport system.

In August, Neftegaz Ukrainy and the Russian company Gazprom signed in Moscow the final draft of long-term contracts concerning transit of Russian gas through Ukraine, and also as regards storage of Russian gas in Ukraine.

In 2001, Ukraine reduced the transit of gas westwards by 6.2% in comparison with 2000 to 105.3 billion cubic meters.

The Ukrainian gas transport system includes 35,200 kilometers stretch of gas-main pipelines, 122 compressor plants and 13 underground storage depots for gas.

The yearly output capacity of the gas pipelines consists of 170 billion cubic meters outwards.

(Ukrainian News, Vitalii Davii) 

TNK-Ukraine-Invest Buys From SPF 46% Stake In Lisichansknefteprodukt For UAH 0.6 Million

The State Property Fund has declared the company TNK- Ukraine-Invest the winner of a biding regarding the sale of the government’s stake of 45.86% in the company Lisichansknefteprodukt (Lugansk region).

In the words of a press spokesman, TNK-Ukraine paid UAH 0.55 million for the set of shares in the enterprise belonging to the government.

Based upon information of the Anti-monopoly committee, TNK-Ukraine -Invest currently controls 50.94% of the shares in Lisichansknefteprodukt.

The company Ukreximnefteprodukt also participated in the biding to purchase the set of government shares in Lisichansknefteprodukt.

The SPF put up for sale the 45.86% stake owned by the government in Lisichansknefteprodukt on 21 August, at the starting price of UAH 0.492 million.

Based on the conditions of the biding, the winner should carry out technical reconstruction of the enterprise.

Lisichansknefteprodukt is specializing in wholesale and retail trade of petroleum products, as well as their storage.

The oil company TNK-Ukraine signed an agreement on renting of the petroleum storage depot of Lisichansknefteprodukt for a period of 49 years.

The statutory fund of Lisichansknefteprodukt is UAH 0.243 million, whereas its rated cost value of its shares is UAH 0.05.

Based upon the information from the State commission for negotiable papers and the financial market, 26% of shares in Lisichansknefteprodukt belong to the company Ukrnefteprodukt.

The rest of the company’s shares are distributed between private investors.

At the close of the 2001 operating year, the company incurred net profits of UAN 0.15 million.

(Ukrainian News, Denys Bezliudko) 

Petroleum Price At UICE Rose 4.7% To UAH 888.28 Per Ton

The petroleum prices on auction at the Ukrainian inter-bank currency exchange (UICE) increased by 4.7% to UAH 888,28 per ton.

The Press secretary of the exchange, Igor Mikoliuk, made the disclosure in a press statement.

The Ukrneft company sold on auction 167,000 tons of petroleum at the average price of UAH 888.48 per ton, Poltavaneftegaz sold 1,500 tons of petroleum at the average price of UAH 880.00 as per ton and the Borislav Petroleum Company sold 1,200 tons of petroleum for the average price of UAH 870 per ton.

The price of condensed gas fluid at the auction increased by 10.1% to UAH 1,282.98 per ton, whereas the price of a stable gasoline mixture also increased by 20.8% to comprise UAH 1,931.76 per ton.

As Ukrainian News has reported, during the previous auction, which took place on August 27, the price of petroleum fell by 0.7% to UAH 848.48 per ton, the price of condensed gas fluid at this auction also increased by 1.3% to UAH 1,165.50 per ton, and the price of a stable gasoline mixture increased by 11.7% to UAH 1,599.57 per ton.

As Ukrainian News earlier reported, since March the petroleum prices began to grow, and rose by 54.1%, whereas since July it again began to spiral downwards.

Since September 2001 to February 2002, the price of petroleum had remained on the decline.

The UICE has been trading in the sale of petroleum and condensed gas fluid since May 2000.

(Ukrainian News, Ekaterina Tsapro)