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«Terminal: Oil Review» 6 (592) 13 Feb 2012

«Terminal: Oil Review» 6 (592) 13 Feb 2012

Topic Of The Week

TWENTY YEARS LATER

The State Statistics Committee for the first time over 20 years has published Ukraine’s consolidated energy balance, and three MPs from the Bloc of Yulia Tymoshenko have prepared a bill on its development and use.
In one of the novels of Alexander Bushkov, a favorite writer of the author of this article, the premier was trying to defend himself before the monarch, saying that all the figures proving the country was on the verge of collapse could be found in the pile of documents he had submitted. The head of state’s answer deserves to be cited: «The reports had the [figures] all split up. They were spread out between three dozen presentations, reports and memoranda, submerged in a variety of other data, and flooded in long reports and thick volumes. And all I needed was just one concise and shocking paper…»

Anti-counterfeit Campaign

TWO YEARS AT A HALT

The pace of the implementation of projects to upgrade Ukrainian oil refineries has always left much to be desired. West-Ukrainian plants, which have repeatedly requested that the country’s transition to better quality standards of oil products be rescheduled, have not invested enough in their upgrading. Last week Drohobych oil refinery officially conceded defeat. A spokesman for Ukrnafta said the company would be used to store fuel. Drohobych oil refinery had put off the implementation upgrading and modernization projects for two years.

FAMILY TIES

As Terminal has recently learned, a criminal case opened against a local fuel ‘producer’, who was investigated by law enforcers, has now been closed in Kharkiv region. The unique thing in this case is that the defendant had been able to operate on the market of illegal fuel production for more than five years.

Scandals

SCANDAL OF THE WEEK: JSC Sintes Oil Uses Crisis As Aa Excuse Not To Pay

OIL TRANSSHIPMENT SECTOR ASKS NOT TO BE DISTURBED

On January 3, 2012,Odesa region’s commercial court ordered the postponement of the effect of a court ruling dated October 22, 2010, for one year. Thus, a ruling that obliges Sintez Oil to pay UAH 7.17 million to Odesa Railways for freight services and the collection of railroad tanker cars will come into effect only on January 3, 2013.

Forecast

NATURAL UNPREDICTABILITY

The predictions for the week did not point to anything special – just the slow process of a gradual decline in oil prices amid news about the debt crisis in the eurozone and speculation on whether default in Greece will be announced or not. Boring statements by the United States about the hypothetical threat of Iran’s nuclear program did not hinder the price decline process either.

THE CHANGE OF THE TREND

According to the economic forecasts given by the Psyche Center on the basis of its regressive analytical model, the price of major petrol brands this week, apart from liquefied gas, will go up. The average retail price of A-92 and A-95 petrol to DSTU 4063:2001 standards and winter-type 0.2-(-25) diesel to DSTU 3868-99 will be UAH 9.98, UAH 10.24 and UAH 9.65 per liter respectively.

Trade

LICENSE TO ELIMINATE

On February 9, the Verkhovna Rada, Ukraine’s parliament, adopted government bill No. 9654 on the licensing of certain types of economic activity at first reading, with 245 votes in favor of the bill. The bill regulates the issue of permits for the «production of motor gasoline, including mixtures, diesel fuel and its components.» Although the Ligazakon law portal states that «only those oil companies selected by the Cabinet of Ministers» can be engaged in this activity…

Raw Materials

THE STORY IN THE SPOTLIGHT

One of the leaders of the so-called Tax Maidan (a series of rallies against the new Tax Code) Oleksandr Danyliuk was allegedly interested in the destiny of natural gas produced by Ukrnafta. Allegedly – as his statement on this subject, which circulated on several Web sites, disappeared without a trace the next day, and the authenticity of its existence is in question. As it turned out, the statement was found on the Spilna Sprava [Common Business] civil movement’s Web site in a slightly abridged version…

You can read full articles in  journal «Terminal: Oil Review» №6 (592) 13 Feb 2012

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