Q Club

Ukraine and Azerbaijan will hardly be able to find 3-4 billion. to build new refineries — expert

Ukraine and Azerbaijan are unlikely to find enough money to build a new refinery complex for deep processing of Caspian oil to the Black Sea coast of Ukraine.The opinion in the comments UNN expert, member of the Supervisory Board of the Institute of Energy Yuriy Korolchuk strategies.”

Rather, the current initiative of Energy and Coal Industry of Ukraine Eduard Stavisky suffer the same fate as all previous idea of ​​building a refinery. And the reason is always the same: either Azerbaijan or Ukraine will not find enough money for such a massive project worth 3.4 billion U.S. dollars “, — said Yu.Korolchuk.According to him, Ukraine every year becoming more and more dependent on imported oil. “The country is 70% dependent on imports.

That is three liters of fuel — the two are not produced in Ukraine, “- said Yu.Korolchuk.According to him, in such circumstances, Ukraine to modernize and restore the work of existing refineries, which, experts say, are in good condition and can still work — Lisichanskiy and Odessa refineries. In addition, he said, running Kremenchug refinery also needs modernization to produce fuel of Euro-4 and Euro-5.Therefore, said Yu.Korolchuk in the current realities of Azerbaijan is the best option for the supply of oil to the Odessa refinery, which is currently engaged in sourcing oil.At the same time, he recalled, Baku 10 years promises to deliver Caspian oil to refineries in Ukraine and EU countries and more than three years promises to «throw» five billion cubic meters of gas for LNG-terminal.As reported on Wednesday, June 12, Minister of Energy and Coal Industry of Ukraine Eduard Stavytskyy and Minister of Industry and Energy of Azerbaijan Aliyev Natih discussed energy cooperation between Ukraine and Azerbaijan.

During the meeting was discussed including the construction of the Black Sea coast of Ukraine's new refinery complex for deep processing of Caspian oil.Recall that in 2012, Prime Minister Mykola Azarov expressed interest in building refinery complex on the Black Sea for the processing of Azerbaijani oil.In 2009, Ukraine gave Azerbaijan a feasibility study for the construction of the Azerbaijani oil refinery in Ukraine. While the company Mott MacDonald (UK) evaluated the construction of a new refinery in Ukraine of $ 4 billion.Recently, the Azerbaijani side has declared its readiness to resume the supply of crude oil in Ukraine.Azerbaijan has suspended oil exports to Ukraine in 2012, which was associated with the creation of the Customs Union and the Russian oil deliveries to Belarus at lower prices. In these circumstances, the Azerbaijani oil will not withstand competition.Ukrainian oil refineries in the early 90s processed annually 59 million tons of oil. But since independence, these amounts were reduced by almost 15 times — up to 4.57 million tons in 2012. Now recycling is actually only two of the seven plants. The largest companies in Lysychansk and Odessa idle.

Source: «UNN»