Ukraine and Russia extend oil transit contract until 2030Christian Fernsby ▼ | December 5, 2019
UkrTransNafta and Russia’s Transneft agreed to extend the current contract for transporting oil through Ukraine by another 10 years, until January 1, 2030, the Ukrainian company announced in a press statement.
Oil from Russia Transneft
Topics: Ukraine Russia oil
Apart from extending the contract, another agreement was signed which updates a number of its terms, taking into account the current state of changes in the oil transport services market in the region.
However, the basic principles of cooperation (such as the manner of payment for services and the mechanism for cooperating on the level of technical services) have remained unchanged. ■