structure of the group Privat denied the possibility to buy the oil company Ukrnafta low

Yesterday, the Ministry of Economy held a meeting on the auctions on sale of oil company Ukrnafta. As a result, a working group was established, comprising representatives of government and major oil companies such as TNK-BP and Lukoil-Ukraine . The group should develop proposals for changing the order of bidding.

oil production at its auctions by law on the state budget. This rule applies to the company, which owns a controlling stake in the state. Including the Ukrnafta, which provides about 20% of the total demand of petroleum feedstocks. And that the operational control of the enterprise undertaken by the group Privat Igor Kolomoyskogo.

While open auctions, virtually the entire volume of oil for sale Ukrnafta has traditionally goes to processing at the Kremenchug refinery, which also controls the Inside. Until recently, the Ukrainian oil-tolerated such a situation. But with the recent increases in prices of automotive fuel, they said on the opacity of the auctions held neftedobytchikom.

While all oil companies raised their prices to 6,40-6,50 UAH per liter of gasoline A-95 under the control of the Inside fuel oil carried by 30-40 cents cheaper. Competitors explained that the group had the opportunity to Kolomoyskogo dempingovat because Ukrnafta sells oil their institutions at below-market prices.

Thus, according to analyst Investment Company Troika Dialog Peter Keller, at the auction on 26 May Ukrnafta sold oil at an average price of 21 dollars per barrel, while the Russian Urals brand oil cost 60 dollars (excluding the cost of supplies to Ukraine). According to my calculations, since the beginning of the year, Ukrnafta due to sales of lower price of oil lost 230-250 million dollars, - said Keller.

As the person in one of the oil companies, Kremenchug refinery was not directly involved in the auctions. For him it's a bit of intermediary structures, supposedly friendly Inside. They redeem the oil at low prices and then re its refineries are already on the market. Thus, as claimed by the market participants, they were not allowed to compete with firms Kolomoyskogo.

Ukrnafta can several times to disrupt the auction, then, referring to the lack of storage tanks for petroleum, sends it for storage in the Kremenchug refinery. After that, the sale of oil occurs on the condition of export of the enterprise, which is unprofitable, - notes the market participant. - Meanwhile, more than that to buy back the oil at low cost oil from the bidding simply did not allow the mediation of Inside.

The working group intends to change the situation. Already, it is considering options for how to prevent disruption of trades. There is a suggestion that all the oil Ukrnafta was recycled to the Kremenchug refinery, and then the mining company auctioneer oil. In addition, the possible establishment of indicative price quotations in the light of the world, below which its own oil production can not be sold, - Head of consulting group A-95 Sergei Kuyun.

At

Ukrnafta any claim about the opacity of the auction denied. Bidding was not we, and auction commission. It's not our procedure, - said deputy head of Bogdan Gdychinsky. - We are now surviving in a difficult environment, we can only sympathize.