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  • 2007 February 16 10:09

    Ukraine’s Energy Ministry plans expansion of a tank farm at Yuzhny oil terminal

    Ukraine’s Energy Ministry plans expansion of a tank farm at Yuzhny oil terminal (operated by Ukrtransnafta, Ukraine), RZD-Partner reports.  The project is aimed at improvement of the terminal operation safety and reliability as well as at improvement of competitiveness of Brody-Odessa oil pipeline.

    The project implies construction of additional 20,000 m3 tanks. The construction is said to be costing 105 million hryvnias ($21 million). Planned source of financing is credit resources borrowed by Ukrtransnafta OJSC.

    As of today, the largest storage tank of Ukraine with a capacity of 75,000 m3 is operated by Ukrtransnafta (Brody tank farm). It cost the company about $10 million.
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