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Ukraine reduces oil imports by 14.5% in eight months

KYIV. Sept 15 (Interfax-Ukraine) – Ukraine in January-August 2021 reduced import of oil and petroleum raw materials (according to code 2709) by 14.5% (by 130,702 tonnes) compared to the same period in 2020, to 770,824 tonnes.

According to the State Customs Service, over the eight months, raw materials worth $354.808 million were imported, which is 20.8% more than in January-August 2020 ($293.75 million), including from Azerbaijan – for $287.823 million, Libya – for $37.032 million, Algeria – for $29.421 million, other countries – for $532,000.

In addition, Ukraine exported 89,963 tonnes of oil to Romania for $27.133 million during the specified period. This volume was exported in March by the international trader Trafigura. The resource was purchased from JSC Ukrtransnafta, which, in turn, in the spring of 2020 bought it at a decline in prices for subsequent resale.

In January-August last year, Ukraine did not export oil.