The Ministry of Energy and Coal Mining submitted to the Cabinet of Ministers the draft order on cancellation of mandatory approval of all commercial activities of Ukrtransafta PSJC by the government.
“The purpose of approval of such document is the simplification of the procedure, under which Ukrtransnafta conducts commercial transactions with oil, which is used for production and technological needs, for ensuring operative fulfillment of production and commercial activities consistent with current issues and tasks”, the explanatory note says.
Ukrtransnafta, 100% of shares of which are owned by Naftogas of Ukraine NJSC, is the operator of oil transportation system of Ukraine.
The system of main oil pipelines of Ukrtransnafta has the diameter from 159 to 1220 mm and common length of 4.7 ths km passes through the territory of 19 regions of the country.
Source: Economic Truth.
