The Ukrainian Railways joint-stock company (Ukrzaliznytsia) and PKN Orlen (Poland), one of the largest oil refining companies in Eastern Europe, have reached an agreement on strategic cooperation on the supply of diesel fuel for meeting the needs of the Ukrainian economy.
The Ukrainian Ministry of Infrastructure announced this in a statement, the CFTS portal reports.
According to the statement, the Ukrainian Ministry of Infrastructure is working on a systemic solution to the issue of saturating the Ukrainian market with the required amount of fuel. One of the key decisions was direct long-term contracts with the largest fuel producers in Europe and the world.
The transition to strategic cooperation was made possible by the Polish company’s successful experience in supplying fuel to Ukraine in recent months.
"We understand that it is very difficult to solve the problem of fuel shortage exclusively through businesses. Therefore, a decision was made to attract large oil companies to the Ukrainian market and sign direct long-term contracts with them. To date, agreements on long-term cooperation have already been signed with the Polish-based PKN Orlen company, one of the largest oil refining companies in Eastern Europe. In particular, we are talking about both systematic and operational supplies of fuel. We thus expect not only an improvement of the situation involving shortages, but also a reduction of the price of diesel at gasoline filling stations," Ukraine’s Minister of Infrastructure Oleksandr Kubrakov said.
The minister of infrastructure added that the country's key fuel needs (the fuel needs of the Ukrainian Armed Forces, farmers, industry, and civilians) would be met in the near future.
Meanwhile, Ukrzaliznytsia is working with other major suppliers of petroleum products to saturate the Ukrainian market with the required amount of fuel.