Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Ukraine will honour contracts for oil transit to Europe, official says

    Ukraine will honour contracts for oil transit to Europe, official says

    August 31, 2024
    Share
    Facebook Twitter LinkedIn WhatsApp
    *Druzhba pipeline

    Kyiv/Prague — Ukraine will continue to meet its obligations to transit Russian oil to Europe, a presidential aide said on Friday after earlier suggesting it could halt supplies via the Druzhba pipeline next year.

    Comments by Ukrainian presidential aide Mykhailo Podolyak, reported by local media on Friday, had suggested flows of Russian oil may stop from January, but he later said Ukraine supported EU efforts to diversify its oil supply and would not break contracts running to 2029.

    “Ukraine has fulfilled and will fulfill its contractual obligations in full until the scheduled completion date… because it concerns our bilateral relations with European countries,” Podolyak said.
    The head of Ukrainian oil and gas group Naftogaz, Olekskiy Chernyshov, echoed that message.
    “Ukraine remains a reliable partner for European countries,” he said in a statement. “We will continue to fulfill our obligations under the current gas and oil transportation contracts.”
    A
    The Druzhba pipeline carries oil from Russia to Belarus where it branches into its northern leg to Poland and Germany and a southern part to Ukraine, the latter route serving Slovakia, Hungary and the Czech Republic.
    While the European Union has sought to wean itself off Russian energy supplies since Moscow’s invasion of Ukraine in 2022, the Czech Republic, Slovakia and Hungary have needed more time.
    For gas, the region is facing a halt next year as Kyiv plans not to renew a contract with Moscow at the end of 2024.
    Podolyak’s initial comments prompted one Czech official to say his country could cope with a halt to transit. “For the Czech Republic, it is not a problem,” the state energy security envoy Vaclav Bartuska said.
    To end the country’s partial dependency on the Druzhba pipeline, Czech state-owned pipeline operator MERO has been investing in raising the capacity of the TAL pipeline from Italy to Germany, which connects to the IKL pipeline supplying the Czech Republic.
    From next year, the increased capacity should be sufficient for the total needs of the country’s two refineries, owned by Poland’s Orlen, of up to 8 million tons of crude per year.

    Reporting by Jan Lopatka in Prague and Olena Harmash in Kyiv; writing by Jason Hovet; Editing by David Holmes and Christina Fincher – Reuters

    Related News

    Renaissance surpasses oil output target by 40% in first month

    Aramco signs up to $90bn in US deals as Trump’s Gulf tour spurs flurry of tie-ups

    Asharami Synergy drives innovation, customer-centric fuelling solutions in aviation

    Comments are closed.

    E-book
    Resilience Exhibition

    Latest News

    Gold faces weekly loss as trade optimism reduces safe-haven demand

    May 16, 2025

    Renaissance surpasses oil output target by 40% in first month

    May 16, 2025

    Ogbuku okays legal drive to tackle Niger Delta challenges

    May 16, 2025

    President Tinubu charts a new course for Nigeria’s tax system

    May 16, 2025

    Indorama sets gold standard for privatisation as veteran spokesman bows out

    May 16, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.