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Idle oil extraction plants may total 19 due to domestic market glut
14.05.2008 10:50 "Agro Perspectiva" (Kyiv) —
Ukrainian agrarians are going to halt still 7 oil extraction plants (besides earlier halted 12) due to internal sunoil market offer being 4,5 times up against necessary, reported Association Ukroliyaprom Chief Stepan Kapshuk May 12. As to Kapshuk, sunoil domestic market transitional reserves totaled (as of May 1, 2008) 340,000 MT (incl. 216,900 MT transitional reserves as of Apr 1, 2008), though domestic market current consumption requirement is just 160,000 MT. As to Ukroliyaprom Chief, Ukrainian sunoil extraction plants are going to process still over 1 mn MT sunseeds/produce over 440,000 MT sunoil until yearend, what will additionally glut domestic sunoil market. As to news agencies earlier report, 12 oil extraction plants had already stopped sunoil production. As to news agencies, plants went on permanent strike since this year May 5 demanding to cancel sunoil export quoting. It is to be admitted, this year Mar 12 Cabinet had introduced 300,000 MT sunoil export quoting (to be efficient until this year Jul 1).
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