Media outlook in May 2005


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The materials published in «Media outlook» are reprinted from other independent sources in shorthand form. LLC «TNK-BP Commerce» not always shares the point of view of the author of the publications.

May 31, 2005, Tuesday

Price paradoxes of stabilization

Already now one can feel active resistance to the law adopted by the Verkhovna Rada (Supreme Council) and to the corresponding decrees of the Cabinet on stabilization of the situation at the market of the oil products. In particular the Press Department of ТNК-ВР believes that “in a long perspective the Government should support the own manufacturer”, and, “when the market will be saturated the preferences for import should be abolished”.

Source: Terminal

May 31, 2005, Tuesday

May. Peace?

After the meeting Robert Dudley stated, that ТNК-ВР would keep investing into major projects in Ukraine. “From my point of view we had a very constructive dialogue, and we are happy with the results”, - he said and promised that after today’s meeting the economics of the Ukrainian oil refineries would not anymore suffer from such a shock.

Source: Terminal

May 31, 2005, Tuesday

ТNК-ВР wishes to export oil products

This information was released by the Public Relations Department with reference to the statement of Tony Considine, Vice-President ofТNК-ВР in charge of downstream operations: “We would like to use all our advantages and to supply the oil products from Lisichansk to the European market”.

Source: Terminal

May 31, 2005, Tuesday

The head of “Neftegaz” promises to take away the oil refineries which have been privatized with law violations

The Head of “Neftegaz Ukraine” Aleksey Ivchenko promises to initiate return to the state of the shares of the oil refineries which have been privatized with law violations. “There are some plants in Ukraine which have been privatized unlawfully”, - said Ivchenko. “And in spite of refutation from different sides I will keep working further to achieve return of the shares to the state”, - added Ivchenko. In an interview with BBC Ivchenko did not specify which plants had been privatized unlawfully.

Source: BBC

May 30, 2005, Monday

Request from agrarians

This year in spite of delays in shipments the preferential diesel fuel provided salvation for many farmers. From March 1 through May 24 about 63 000 tons of the preferential diesel fuel had been supplied from the Lisichanskiy Oil Refinery. The enterprise kept shipping the oil products until the reserves ran out completely.

Source: Business

May 30, 2005, Monday

20 companies from the Lugansk region will participate in the All-Ukrainian “500 conscientious tax payers”

In particular LLC LINOS was as well awarded for conscientious fulfillment of the tax obligations in 2004 (it paid UAH 900 mln to the State Budget).

Source: skhid-info

May 30, 2005, Monday

Dangerous slack

The President of TNK-BP Ukraine comments on the situation at the oil market. Speaking about investment plans of ТNК-ВР Ukraine for the nearest three years Alexander Gorodetsky noted: “…The Lisichanskiy Oil Refinery is one of the most modern not only in Ukraine, but as well in CIS countries. We have much modern equipment, which are not installed at other Ukrainian oil refineries, and today ТNК-ВР Ukraine does not need any new equipment. We are just retrofitting the existing equipment. We as well analyze possibility of joint operation of the Lisichanskiy Oil Refinery with other company’s enterprises situated in Russia”.

Source: Kiyevskiye Vedomosti

May 30, 2005, Monday

Oil crisis: completion or temporary peace?

Commenting on the situation the Executive Vice-President of ТNК-ВР in charge of downstream operations Anthony Considine said: “Our company did not enter into any conspiracy with other companies and our prices for the crude oil are stipulated by the market mechanisms. We sell the fuel to many independent operators; we themselves control only 51 fuel stations. Our company is not a monopolist in classical meaning”.

Source: Avtocenter

May 28, 2005, Saturday

TNK-BP Vice-President Anthony Considine: “From the point of view of the classic monopoly definition our company could not referred to as a monopolist”

According to TNК-BP Vice-President, “from the point of view of the classic monopoly definition our company could not be referred to as a monopolist”. Actually this issue could be considered from another side. Really, there are not many manufacturers of oil products in Ukraine. Hence the existing companies could be accused of monopolism. However, it cannot be expected that there should be many manufacturers of the oil products in every country. It should be clear for everyone that our company as a manufacturer is open to work with as many consumers as possible. If we would act in a different way than our company could be referred to as a monopolist. It is very important to create conditions for competition at the market. We would like to render the Government advisory assistance in this issue and to suggest some independent consultants”.

Source: Vlast Deneg

May 28, 2005, Saturday

Alexander Tretyakov: the companies which control the oil refineries in Ukraine should not be considered Russian

“The Odessa Oil Refinery is controlled by LUKOIL, the Lisichanskiy Oil Refinery belongs to ТNК-ВР, the Kherson Oil Refinery belongs to Alliance, part of the Krementchuk Oil Refinery is controlled Tatneft and by the Government of Tatarstan. Why do you believe that major oil refineries are controlled by the Russian companies?”, said Tretyakov replying to the question whether it was threatening that the Ukrainian oil companies were controlled by companies with Russian origin.

Source: Delovaya Nedelya

May 27, 2005, Friday

No economic expediency...

Interview with the ex-Head of “Neftegaz Ukrayiny” Yuriy Boiko. Replying to the question about a possible mistake when selling the Lisichanskiy Oil Refinery to ТNК, Boiko noted that “the decision about selling LINOS was made by the Prime-Minister Viktor Yushchenko in 2000” taking into account the current situation at the plant and its perspectives. The decision was absolutely right: LINOS had no other way out than to sell the oil refinery to such an investor as TNK. All statements that the oil refinery should not have been sold are made by the people who are not familiar with the situation. This was an awfully problematic plant, it was completely insolvent, was burdened with debts amounting to 450 000 tons of the oil products. If the plant would not have been bought by ТNК, it would be completely scrapped, which actually happened to one of the three production lines.

Source: Economic News

May 27, 2005, Friday

In June the prices for petroleum will drop and then… again increase

The President of ТNК-ВР Ukraine Alexander Gorodetsky just assured that the prices would not change until late May, and in June they would depend on the prices for the oil as always.

Source: Segodnya

May 26, 2005, Thursday

The First Assistant to the President of Ukraine produced a scheme of happiness which would annoy the Financial Group “Privat”

“If a businessman sees that the price is unacceptable, then he would look for more attractive conditions. And ТNК as well as LUKOIL are private companies. Why should they sell in Ukraine if they can sell in France at higher prices?” According to the words of Alexander Tretyakov after such fuel crisis Ukraine has only way out – to create vertically integrated oil company, which should unite the Ukrainian oil refineries”.

Source: Ukrayinskaya Pravda

May 26, 2005, Thursday

Ukraine released petroleum

Having investigated the situation the Head of the country accused the Government of Yuliya Timoshenko of the crisis and promised to abolish the administrative regulation of the prices. We would like to note that immediately after being elected the President of Ukraine has promised the companies to provide market conditions.

Source: Vremya Novostey

May 25, 2005, Wednesday

Ukraine can oblige the oil trading companies to form reserves of the oil products

Alexander Tretyakov noted that such major players at the market as LUKOIL, ТNК-BP, Oil Company “Alliance” were ready to form reserves. The Head of the work group believes that creation of such reserves would be advantageous as well for the participants of the market, as it would allow to minimize the risks and to improve planning of their work.

Source: Interfax-Ukraine

May 25, 2005, Wednesday

Sergey Terekhin apologized for Kinakh

“Having increased the export duties for oil export Russia deprives the vertically integrated oil companies of super profits from oil extraction. Accordingly these companies – ТNК and LUKOIL – attempt to get these profits at the oil processing which is done at the territory of Ukraine”, - said Sergey Terekhin.

Source: LIGA

May 25, 2005, Wednesday

Give away and do not sin

Having criticized the attitude of the Ukrainian Cabinet to the oil companies and administrative interference of the Ukrainian authorities with the price formation the Ukrainian President Viktor Yushchenko decided to personally supervise the regulative activity of the Ukrainian Prime-Minister. On Monday the Decree of the President from May 21 was proclaimed about creation of a work group on development of the oil processing industry.

Source: Economic news

May 24, 2005, Tuesday

Taming of the shrew

Alexander Gorodetsky assured that the Lisichnaskiy Oil Refinery had completed the repair works and would be launched on Monday at high speed. In May the plant will process 170 000 tons of crude oil, and in June over 600 000 tons. So far ТNК-ВР will help the Ukrainian market with “injections” of imported oil products, by supplying the fuel from the Russian oil refineries – Samarsk and Ryazan Oil Refineries.

Source: Ukrainian Investment Newspaper

May 24, 2005, Tuesday

“ТNК-Ukraine” signed contracts for import of 10 000 tons of high-octane petroleum to Ukraine

LLC “Trading House ТNК-Ukraine” with assistance of the Russian-British oil company “ТNК-ВР” signed contracts on May 23 of the current year for import of 10 000 tons of high-octane oil products from the Saratov, Ryazan and Mazheykyayskiy Oil Refineries. The Press Department of “Trading House ТNК-Ukraine” informed that the shipments of the oil products from the mentioned oil refineries would start as of May 24, and it was expected that the fuel should arrive in Kiev on May 28-29 of the current year.

Source: Interfax-Ukraine

May 24, 2005, Tuesday

Ukraine has yielded to the Russian oil companies

The President of Ukraine promised to the Russian oil companies that nobody except for the market will interfere with their activities. In return ТNК-ВР promised to speed up the completion of the repair works at the Lisichanskiy Oil Refinery, to increase the oil supplies and to run the plant at the highest possible speed.

Source: Izvestiya

May 24, 2005, Tuesday

Blown apart by the oil

In the best traditions the Ukrainian authorities started to fight against the crisis at the market of the oil products at its highest peak (avoiding such phenomenon remains a perspective task). In one week much has been done, which can radically alter all forecasts on how fast the market could recover from the crisis and come back to its stability. Like in any war, and according to Yuliya Timoshenko she treats this crisis as a war, both sides suffered losses. In this case it concerns the Government and the oil companies, of which ТNК-ВР suffered mostly.

Source: Nefterynok (Oil Market)

May 23, 2005, Monday

The Lisichansk plant has renewed the oil refinery

On the 21-st of May the Lisichansk refinery («LINOS» LLC) started conducting the plant launch technological operations after the planned annual capital repairs. According to statement of the public relations department of TNK-ВР Ukraine the first lot of oil is sent for refinery on the 23-d of May.

Source: Skhid.info

May 23, 2005, Monday

Did the oil companies gained their own way?

On May 19 Viktor Yushchenko had round-the-clock negotiations with the representatives of the Russian oil companies, having promised them not to employ administrative pressure anymore. The oil companies stated that they were satisfied with the new decisions of the Ukrainian authorities. “This is a good acknowledgement that there would be good work conditions at the Ukrainian market”,– said the President of ТNК-ВР Management Robert Dudley.

Source: Delovaya Stolitsa

May 23, 2005, Monday

Yushchenko appointed Tretyakov a Head of the Work Group on Development of the Oil Processing Industry

The President of Ukraine Viktor Yushchenko created a Work Group on Development of the Oil Processing Industry and appointed his First Assistant Alexander Tretyakov a Head of this Group. The Work Group consists of the General Director of “Ukrtransneft” Stanislav Vasilenko, Chief Executive Officer of “Ukrtransnafta” Sergey Glushko, President of TNK-BP Ukraine Alexander Gorodetsky, People’s Deputy of the Verkhovna Rada Igor Eremeyev, First Deputy Minister of Fuel and Energetics — Chief Executive Officer of the National Stock Company “Neftegaz Ukraine” Aleksey Ivchenko.

Source: Ukrainian News

May 23, 2005, Monday

LINOS will ship about 100 000 tons of the light oil products until late May

The Lisichanskiy Oil Refinery will ship from 80 000 to 100 000 tons of the light oil products until late May. This information was released at the briefing by the Head of the Lugansk Public Administration Aleksey Danilov on May 23. Now the oil refinery is undergoing a technological launch. All necessary equipment has been shipped and assembled at the plant.

Source: Parallel-Media

May 20, 2005, Friday

ТNК-ВР intends to bring the products of the Lisichanskiy Oil Refinery at the European market

The international Holding ТNК-ВР intends to bring the oil products of the Lisichanskiy Oil Refinery at the European market, said Tony Considine, the Vice-President of TNK-BP in charge of downstream operations. According to his information Europe suffers now from shortage of the diesel and the jet fuel. “We are going to use all our advantages and to start supplies of the oil products manufactured at the Lisichanskiy Oil Refinery at the European market” – said Tony Considine.

Source: Interfax-Ukraine

May 20, 2005, Friday

ТNК-ВР hopes that the question of reprivatization of the Lisichanskiy Oil Refinery would not be touched upon anymore – the Head of the company

The International Holding ТNК-ВР expressed a hope that the Government would not anymore touch upon a question of reprivatization of the Lisichanskiy Oil Refinery. This information was delivered by the TNK-BP President and Chief Executive Officer Robert Dudley after the meeting of the President of Ukraine Viktor Yushchenko with the representatives of the oil companies on May 19. “I believe that TNK created a perfect model of privatization of the oil refinery, and I do not expect that this issue would be touched upon by the Ukrainian Government again”, -he said.

Source: Interfax-Ukraine

May 20, 2005, Friday

ТNК-ВР: we shall continue to invest in big projects in Ukraine

ТNК-ВР will continue to invest in big projects in Ukraine. This statement was delivered by TNK-BP President and Chief Executive Officer Robert Dudley after the meeting of the representatives of the oil companies with the President of Ukraine. “From my point of view we had a constructive dialogue, we are happy with the results of the meeting”, - he said.

Source: Zavtra

May 20, 2005, Friday

Delivered a blow!

Yesterday Viktor Yushchenko had a meeting with the top managers of the oil companies. The President suggested: “Let us turn the page which generated some problematic questions”. The participants agreed. “It was a constructive dialogue, a good meeting, and we are actually happy with the results. This is a good acknowledgement that there would be good work conditions at the Ukrainian market”,– said the President of ТNК-ВР Management Robert Dudley. The representatives of the oil companies promised that the fuel market would be stabilized in 7-10 days.

Source: Economic News

May 20, 2005, Friday

ТNК-ВР will pump in May 700 000 tons of crude oil through the Odessa-Brody oil pipeline – Gorodetsky

ТNК-ВР intends to pump in May 700 000 tons of crude oil through the Odessa-Brody oil pipeline, said the President of ТNК-ВР Ukraine Alexander Gorodetsky. He noted that the oil pipeline approaches the specified production output – 9 mln tons of crude oil a year.

Source: Interfax-Ukraine

May 19, 2005, Thursday

ТNК-ВР Management will urgently send 70 000 tons of crude oil to Ukraine – the Head of the company

The Open Joint Stock Company ТNК-ВР Management intends to urgently redirect 70 000 of crude oil to Ukraine, and thus the oil supplies in May will reach 170 000 tons of crude oil, said TNK-BP President and Chief Executive Officer Robert Dudley. “We are ready to undertake a number of urgent measures in order to support stabilization of the situation at the oil market in Ukraine. We shall urgently redirect 70 000 tons of crude oil to Ukraine, and thus shall supply 170 000 tons of oil to Ukraine in May” – he stated after the meeting of the representatives of the Russian oil companies with the management of Ukraine.

Source: Interfax-Ukraine

May 18, 2005, Wednesday

ТNК-ВР catches Timoshenko in a lie and accuses Chervonenko in sabotage

Today at the session of the Ukrainian Cabinet Yuliya Timoshenko noted that the Cabinet had information, that “LINOS” had in its reserves 30 000 tons of the high-octane petroleum. This statement was commented by the Press Department of LLC “ТNК-ВР Ukraine”: “We have 30 000 tons of the oil products in reserves at LINOS: 18 000 tons of A-80, 5 000 tons of A-92, 5 000 tons of A-9, 1 100 tons of A-98. Thus, the reserves of the high-octane petroleum make 11 100 tons. This amount is meant for supplying of the oil products to the own fuel stations of ТNК-ВР. We ship up to 120 tons a day due to refusal of the Vasilkov-2 station to receive big numbers of carriages”.

Source: Obkom

May 18, 2005, Wednesday

Antimonopoly Committee of Ukraine states about the monopolistic position of some companies at the market of the oil products

The overall share of LLC “LINOS” (Lisichanskiy Oil Refinery), Joint Stock company “Ukrtatnafta” (Kremenchug Oil Refinery) and Open Joint Stock Company “LUKOIL-Odessa Oil Refinery” at the petroleum is estimated at 66%, at the diesel fuel market – 51%, which give the Antimonopoly Committee of Ukraine grounds to assert about presence of the signs of monopolistic position at these markets.

Source: Interfax-Ukraine

May 18, 2005, Wednesday

Yushchenko promises to completely overcome the fuel crisis in the coming days

Full saturation of the market with the oil products will happen in the coming days, stated the President of Ukraine Viktor Yushchenko and added that in few hours he would sign a Decree on Settlement of the Fuel Crisis. “The situation with the oil products will be solved in the coming days”, - underlined the President of Ukraine. According to his words he had held talks with the Russian suppliers about this issue and noted that “in the third decade the operation of the Lisichanskiy Oil Refinery would be resumed, as of yesterday LUKOIL started supplies of the full assortment of the oil products to its fuel stations”.

Source: Interfax-Ukraine

May 17, 2005, Tuesday

ТNК-ВР Ukraine sells full assortment of the oil products at its fuel stations without any limitations

“We have full assortment of the oil products without any limitations at all fuel stations of ТNК-ВР Ukraine, which amount to 51 all over the country, of which six are based in Kiev”, – said Irina Kovalchuk on May 17. She underlined as well that the oil products at the company’s fuel stations were sold for cash, without using any cashless schemes.

Source: Interfax-Ukraine

May 17, 2005, Tuesday

Statements about possible reprivatization of the Kremenchug and Lisichanskiy Oil Refineries are inadmissible – Kinakh

Statements about possible reprivatization of “Ukrtatnafta” and the Lisichanskiy Oil Refinery (belongs to ТNК-ВР) are absolutely inadmissible, stated the First Vice Prime-Minister of Ukraine Anatoly Kinakh.

Source: Kommersant

May 17, 2005, Tuesday

Yushchenko believes that joint efforts of the Russian Federation and Ukraine will help to overcome the oil crisis in Ukraine and on Thursday he plans to have a meeting dedicated to this issue

“I am sure that today it is possible to reach an agreement with the Russian side to settle the conflict in exchange for the change of the position of Ukraine, i.e. it should become more predictable and more clear especially in such issues as price formation”, - stated Viktor Yushchenko. At the same time Viktor Yushchenko noted that “the Ukrainian team’s behavior was not the best” as far as the price formation was concerned.

Source: Ukrainian News

May 16, 2005, Monday

Drowning fuel

A month of the fight actions launched by the Ukrainian Cabinet against the oil companies and oil traders has shown the following: efficiency of the Governmental measures is more than disputable and what’s more important – these measures are short-term. A consistent impression is formed that the only goal of this struggle of the Government against the oil companies is to win cheap populist authority.

Source: Business

May 16, 2005, Monday

The Ukrainian Cabinet went back on its word

The situation in the sector is very critical. The fuel reserves in the country will be completely run out in a week. While the Ukrainian Cabinet regulated the market, the retails prices for the oil products in the country started to increase.

Source: Kiyevskiye Vedomosti

May 16, 2005, Monday

Ukraine stands in a petroleum queue. The Ukrainian authorities blame the Russian oil companies for the oil crisis

The Ukrainian Prime-Minister Yuliya Timoshenko has found out the reasons of the fuel crisis – cessation of the Russian oil supplies. On Saturday she blamed Russia saying that it did not supply the oil to Ukraine notwithstanding the fact that Ukraine had paid all contracts. The Russian oil companies assure that they did not cease the oil supplies to Ukraine. The Vice-President of “Transneft” Sergey Grygoryev said that the statement of Yuliya Timoshenko served as evidence about her incompetence in this issue.

Source: Kommersant

May 13, 2005, Friday

Late ignition

The experts insist that regardless of the measures which could be taken by the Government the total fuel shortage and/or price increase is unavoidable. The time for a smooth way-out of the crisis has been missed; “late ignition” of the authorities at best will be effective in June.

Source: Segodnya

May 13, 2005, Friday

The launch of the Lisichnaskiy Oil Refinery is scheduled for May 25

The launch of one of the biggest oil refineries in Ukraine – the Lisichnaskiy Oil Refinery has been shifted from May 15 to May 25. This information was revealed by the Minister of Fuel and Energetics of Ukraine Ivan Plachkov.

Source: Interfax-Ukraine

May 11, 2005, Wednesday

Undeserved rest

During the first week of May the oil products market was traditionally very calm, which is accounted for by the holidays as well by the “unemployment”, — the market was empty.

Source: Nefterynok

May 11, 2005, Wednesday

Nice processing!

One thing can be said with certainty: withdrawal of the big oil companies from the Ukrainian market, if the situation at the internal market will not change.

Source: Nefterynok

May 11, 2005, Wednesday

Light in the end of...

The fuel balance of the oil products indicates that in May the fuel at the internal market will be in bigger quantities than last year. But here something else should be mentioned. This balance does not include the Lisichanskiy Oil Refinery, which share makes about 30% of the А-95 petroleum production — the most problematic product.

Source: Nefterynok

May 11, 2005, Wednesday

The summer will be hot

The volume of processing of the raw materials at the Ukrainian oil refineries in April dropped by 15,2%, as compared to the last year. The output production of the refineries fell by 23,45%in the last month as compared to March. The Lisichanskiy Oil Refinery displays negative dynamics. .

Source: Economics

May 11, 2005, Wednesday

It is probable that due to another record increase of the export duties for the oil by Russia the prices for the oil products in Ukraine will grow again

It is probable that the Russian oil companies which own the Ukrainian oil refineries can soon increase the prices for the oil products or completely cease the oil supplies to Ukraine.

Source: Fakty i Kommentarii

May 11, 2005, Wednesday

To fall in time

The Lisichanskiy Oil Refinery plans to finish the repair works by the end of May and not by May 13 as it was expected earlier.

Source: Terminal

May 11, 2005, Wednesday

Make reserves of fuel!

In the existing situation the supply of the crude oil to the Lisichanskiy Oil Refinery is economically unprofitable. Non-availability of the Russian crude oil will have negative consequences for the plant, since in this case it would be necessary to buy the hydrocarbon at the world markets at higher prices

Source: Kiyevskiye Vedomosti

May 10, 2005, Tuesday

Oil processing in Ukraine April has dropped down by 23,45% - up to 1 482 200 tons

The oil processing at the Ukrainian oil refineries in April of the current year has dropped down by 23,45% as compared to March, and by 15,20% as compared to the same period of the last year – up to 1 482 200 tons.

Source: Interfax-Ukraine

May 09, 2005, Monday

Elimination of the prefix “rе-“

The Head of the state-owned Joint Stock Company “Naftogaz Ukrayiny” Aleksey Ivchenko could without any doubts get an Oscar nomination for “the most imprudent, uncoordinated and wreckless statement”.

Source: Business

May 09, 2005, Monday

Left-hand thread screw

The owners of the independent from the Government oil refineries do not share the optimism of the Prime-Minister concerning the economic stability of their enterprises.

Source: Business

May 06, 2005, Friday

The oil products: “manual” regulation will not stop price growth

Immediately after the meeting with the Executive Director of ТNК-ВР Herman Khan the Ukrainian Prime-Minister Yuliya Timoshenko declared that ТNК-ВР will reduce the prices for the oil products at its fuel stations to the level set by the Ministry of Economy. Besides, according to her words an agreement was reached about supplies of the diesel fuel by TNK-BP to the agroindustrial complex at a preferential price of 2400 UAH per ton.

Source: 2000

May 05, 2005, Thursday

TNK-BP suggests the Ukrainian Government to invite independent international experts

TNK-BP suggests the Ukrainian Government to invite independent international experts for creation of the concept of the Ukrainian oil products market

Source: UT-1

May 05, 2005, Thursday

As a preventive measure ТNК-ВР can partially stop its production activities in Ukraine, - Vladimir Saprykin

According to the expert the statement of TNK-BP was just a reply of the company to the Government, and merely serves as evidence that the oil products market in Ukraine was not yet stabilized. Undoubtedly “the first and the last shots” will always be made by the Government, but the opposite side can just leave “the battlefield”.

Source: LIGA

May 05, 2005, Thursday

Russians are closing their businesses and leave Ukraine – Viktor Tikhonov

The Russians are closing their businesses and leave Ukraine. This statement was made by the Head of the Lugansk Regional Council Viktor Tikhonov. According to the words of Viktor Tikhonov the fact that the Russians were leaving Ukraine is alarming, “because they were specialists in their businesses”.

Source: PARALLEL-MEDIA

May 05, 2005, Thursday

The Lisichanskiy Oil Processing Plant extended completion of the repair works until late May

The representative of the Press Department of LLC Trading House ТNК Ukraine informed that the Lisichanskiy Oil Processing Plant had extended completion of the repair works until late May due to the damage of the LINOS equipment which was under repair at the Severodonetsk Boiler-Mechanical Plant.

Source: UNIAN

May 05, 2005, Thursday

Administrative regulation of the oil products market will lead to the fuel shortage and its further price growth – Kinakh

The First Vice Prime-Minister of Ukraine Anatoly Kinakh stated that the administrative regulation of the prices at the oil products market can create tense situation in the country by provoking oil products shortage and their further price increase.

Source: UNIAN

May 05, 2005, Thursday

ТNК-BP is not in a hurry

ТNК-BP Ukraine promises to sell the gasoline at the fixed prices until it runs out. According to the calculations if the demand will keep at the same level the reserves of the oil products will suffice only for two weeks, said the representative of the Press Department. Actually these reserves had to suffice till May 14, when the company planned to launch the Lisichanskiy Oil Processing Plant after repair.

Source: Vedomosti

May 05, 2005, Thursday

Long shadow of reprivatization

Recently Viktor Yushchenko took part in the session of the Government where he demanded to complete forming of the list of the state companies which had been privatized with violations. The Head of the State noted that the rumors about reprivatization or repeated privatization add to the tension and scare away the investors.

Source: Kiyevskiye Vedomosti

May 04, 2005, Wednesday

Results

The repair of the Lisichnaskiy Oil Refinery will extend through late May and not through May 13 as it was planned before. This delay was caused by the accident at one of the enterprises where the equipment of the Lisichnaskiy Oil Refinery was under repair.

Source: UT-1

May 04, 2005, Wednesday

Gorodetsky cited the words of Ivan Plachkov about the statement of Aleksey Ivchenko

The Minister of Fuel and Energetics Ivan Plachkov calls to treat the statement of Aleksey Ivchenko, the Head of the National Oil Company “Naftogaz Ukrayiny” about the necessity to review the privatization of the Lisichanskiy Oil Processing Plant (Closed Joint Stock Company LINIK, Lugansk region) more loyally.

Source: Proua

May 04, 2005, Wednesday

Gudyma: Withdrawal of TNK-BP from the Ukrainian market is not a tragedy

The Member of the Committee of the Verkhovna Rada on Fuel and Energetics Alexander Gudyma believes that the intention of the Russian-British TNK-BP to withdraw from the Ukrainian market should not create major problems for Ukraine.

Source: Proua

May 04, 2005, Wednesday

The Ukrainian oil processing plants will not be reprivatized – Poroshenko

The Head of National Security and Defense Service Pyotr Poroshenko stated that the Ukrainian oil processing plants would not be reprivatized. He said this commenting on the statement of the Head of the State Oil Company “Naftogaz Ukrayiny” Aleksey Ivchenko about his intention to reprivatize the oil processing plants, in particular the Lisichanskiy Oil Processing Plant.

Source: Interfax-Ukraine

May 04, 2005, Wednesday

Loss of ability to work

The LINOS plant which is under repair last week had very difficult times and this week was full of events – positive as well as negative. Good news for the company was revealed by the State Property Fund, which had stated that it had no claims to the owners of the plant and thus no reprivatization could be relevant.

Source: Oil market

May 04, 2005, Wednesday

ТNК does not care about the decision of the Government? The gasoline prices grew by 0.19 UAH.

The Director of UPECO doubts whether the Government could withstand such actions of the oil products trading companies. According to his words if the Government will resort to tough sanctions against the owners of the fuel stations because of price increase for the A-95 gasoline, then this gasoline brand could completely vanish from the fuel stations.

Source: Reporter

May 04, 2005, Wednesday

The repair works of the Lisichanskiy Oil Processing Plant will be extended till late May

The Press Department of LLC Trading House TNK-Ukraine informs that the repair works of the Lisichanskiy Oil Processing Plant will be finished in late May, and not on May 13 as was expected, because of the accident that took place at the Severodonetsk Boiler-Mechanical Plant on April 22.

Source: Interfax-Ukraine

May 03, 2005, Tuesday

ТNК-BP tries to persuade the Ukrainian authorities for a compromise

ТNК-BP could cease the oil supplies to Ukraine. The Russian company stated that it could find alternative markets in case the action of the price regulation would be extended. Most likely the parties will have to find a compromise decision.

Source: Vedomosti

May 02, 2005, Monday

Profits escape through the fuel tanks

Last week the main intrigue of the week was not completely cleared up – whether the oil trading companies will continue to sell the gasoline and the diesel fuel at prices set by the Ukrainian Government.

Source: Profile-Ukraine


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