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Ukraine and Russia agreed on oil transit to the European Union

Russia / Ukraine

December 3, 2019 JSC "Ukrtransnafta" OJSC and "Transneft" signed an additional agreement to the contract on provision of services on oil transportation through the territory of Ukraine.

Ukraine and Russia agreed on oil transit to the European Union

JSC "Ukrtransnafta" and the Russian JSC "Transneft" signed an additional agreement to the contract for the transit of Nephi through the territory of Ukraine, thus extending the term of the contract for 10 years – until January 1, 2030, reported the press service of "Ukrtransnafta" on Tuesday.

the agreement on the extension of Russian oil transit to Europe signed on 3 December at a conference in Zagreb, capital of Croatia.

"in addition to extension of the contract, an additional agreement between JSC Ukrtransnafta and JSC "Transneft" actualizes some of its provisions taking into account the current state of the changes on the market of services for oil transportation in the region", — stated in the "Ukrtransnafta".

they point out that the additional agreement guarantees stable operation of the oil transportation system of Ukraine and guarantees a constant volume flow of oil.

Earlier it was reported that oil transit through Ukraine to Europe in August this year compared to the same period grew by 28.7% to 1.39 million tons.

open joint stock company "Ukrtransnafta" was established in 2001 on the basis of open joint stock company "Main oil pipelines" Friendship" and GAO "prydniprovski oil-trunk pipelines".

Public joint stock company "Transneft" specializiruetsya on the provision of services in the field of transportation of oil and oil products via the system of trunk pipelines in the Russian Federation and abroad.

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