Ukraine will lose € 7-11 million per month from the suspension of Druzhba

Sergey Kondratiev commented to Gazeta.ru on oil supplies via the Druzhba pipeline.

The state-owned company Ukrtransnafta will lose €250,000-350,000 per day in the event of a prolonged shutdown of pumping through the southern branch of the Druzhba pipeline. Sergey Kondratiev, Deputy Head of the Economic Department of the Institute for Energy and Finance, announced this in a conversation with Gazeta.Ru.

“We are talking about not very big money - the tariff is €8.6 per ton of oil pumped through the territory of Ukraine, so Ukrtransnafta will lose about €7-11 million euros every month, or €250-350 thousand per day,” — Kondratiev emphasized.

First, oil enters the Ukrainian section of the Druzhba pipeline, then it goes to the Slovak oil refinery, and then it is imported back to Ukraine. If the Slovak refinery stops working due to a lack of Russian oil supplies, Kyiv will lose part of its imports from the European country, he added.

“In recent months, Ukraine has received about 25 thousand tons or 10% of all imports of oil products from the EU (220-300 thousand) from Slovakia, less than 10 thousand from Hungary. Nevertheless, even these volumes will not be easy to replace,” Kondratiev concluded.