Topic Of The Week
«War On Kickbacks!»
On March 30, 2012, addressing a roundtable on the implementation of the ‘Open Government’ Partnership initiative, Prime Minister Mykola Azarov said: «Over these two years there have been changes in terms of openness. Here, for example, the subject of procurement at tenders and, in general, the subject of public procurements, have been mentioned. While the situation earlier was deplorable, now we only register a few examples [of violations], due to the fact that these procedures are fully transparent and open…»
Links Of A Chain
The departments of Ukrgazvydobuvannia and Ukrnafta have been involved in a juicy scandal. As Terminal has learned, law enforcers conducted numerous searches of the companies last year in order to establish the facts about a complete chain for the illegal trade in gas condensate.
The Committee’s Persistence
On March 19, 2012, Sumy region’s economic court ruled to collect UAH 142,000 from the Sumy-based Lorant company for Ukraine’s national budget. According to Terminal, this sanction was applied to the trader by the Antimonopoly Committee of Ukraine as long ago as last year…
It’s up to everyone to decide whether to have a bird in the hand or two in the bush. The outcome of the story depends only on everyone’s own inventiveness. And that’s nothing to what the world’s political elite has invented to persuade the markets.
No Obstacles To Downward Trend
According to economic forecasts given by the Psyche Center on the basis of its regressive analytical model, this week prices of major petrol brand will change slightly. The average retail price of A-92 and A-95 petrol to DSTU 4063:2001 standards and summer-type 0.2-62 diesel fuel to DSTU 3868-99 standards will be UAH 10.79, UAH 11.28 and UAH 10.22 per liter respectively.
Who Is Cheating Whom?
April 19, 2012, the official Web site of Ukraine’s Energy and Coal Industry Ministry posted a bill on a «phased addition of ethanol to gasoline.» As it turned out, the result of two-months of work by an ad hoc working group established under a January instruction by the National Security and Defense Council was a document shorter than a page. It provides that in 2014-2015 «motor petrol produced and/or sold in Ukraine» must contain bioethanol…
Future Without Past
The oil refining industry is about to lose another refinery: TNK-BP is preparing to mothball Lysychansk oil refinery, because «amid the current economic model, it produces a loss.» However, the failure of one Ukrainian project does not stop the company – it intends to bid for concluding a production sharing agreement on Yuzovska shale gas field…
You can read full articles in journal «Terminal: Oil Review» №16 (602) 23 Apr 2012