Ukraine “completely dependent” on fuel imports after biggest oil refinery destroyed

01:04 Wed, 29 March

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31.May .2022 23:00

Ukraine “completely dependent” on fuel imports after biggest oil refinery destroyed

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Ukraine is in a state of fuel “price shock” and is now “completely dependent” on fuel imports after the country’s biggest oil refinery in Kremenchuk was destroyed by Russian missiles last month, Andrii Zakrevskyi, chair of Ukraine’s Oil and Gas Association, said at a press briefing on Tuesday.

“We are now completely dependent on fuel imports. Railway supply chains have also come under pressure. There are queues at the borders, and if you add 3,000 fuel trucks, the burden on the logistics routes will increase,” Zakrevskyi said.

He said the war has reduced national consumption by 30-40%, but it still lacks four to five million tons of fuel a year. He said before the war, 75% of all fuel came from Belarus.

“We are now in a situation of price shock. In order to really improve the situation with fuel shortages, we need to deploy mobile oil refining complexes in Lviv, Ivano-Frankivsk and Zakarpattia regions. We need to increase oil production,” Zakrevskyi said.

Zakrevskyi said the country needs to “build pipelines from the Baltic Sea ports to Ukraine," but “there are many difficulties,” CNN reports.

Oil Prices Fuel supply crisis Russia-Ukraine War