2.5.3. OIL AND GAS PRODUCTS

As compared to 1999, reduction was traced in Ukrainian exports of oil and oil products in 2000. Oil exports throughout 2000 totaled some 270 ths. tons, which made nearly one-fifth of 1999' shipments. Exports of oil products lost 30% exceeding 2,160 ths. tons in 2000. Exports of petrol yielded only 20% from the 1999 figure, whereas shipments of diesel fuel and fuel oil accounted for some 30%.

Average annual prices for Ukrainian exports of oil products in 2000 made USD/mt 140 for oil, USD/mt 255 for petrol, USD/mt 270 for diesel fuel, USD/mt 130 for fuel oil as compared to average annual prices in 1999 yielding USD/mt 95 for oil, USD/mt 135 for petrol, USD/mt 125 for diesel fuel, and USD/mt 80 for fuel oil.

Figure 1. Export of oil products from Ukraine in 2000

Composition of Ukrainian shipments of oil products in 2000 saw no changes as compared to 1999. Main export article was fuel oil with a share slightly exceeding 80% in total export turnover. Supplies of diesel fuel made 16%, and the share of petrol was inappreciably low at 1-2%.

Similar to 1999, Ukrainian oil in 2000 was supplied primarily to Poland, as well as to the developing countries via firms registered in Ireland. Yet, as compared to 1999, the portion of supplies to developing countries in 2000 dropped from 97% down to 41%. On the opposite, oil shipments to Poland grew from 2% to 31%.

In January-December 2000, distribution of export of oil products from Ukraine suffered considerable changes against the previous year. In 1999, fuel oil and diesel fuel were mainly supplied to developing countries via firms registered in Belgium and Ireland accounting for 40% and 35% respectively, whereas in 2000 major shipments of fuel oil were bound to developing countries via firms registered in Panama (29%) and the Virgin Islands (21%), as well as to Italy, which accounted for 15%. In 2000, main shipments of diesel fuel were made to developing countries via firms registered on the Virgin Islands (37%) and to Italy (32%). As compared to 1999, Romania was the only country that expanded its share in supplies of Ukrainian fuel oil from 8% to 10% in 2000.

Ukraine-bound imports of oil, including gas condensate, in 2000 lost almost 40% against 1999 making some 6 mln. tons. Even a 3.5-time-increase in supplies of gas condensate in 2000 against the previous year did not have considerable effect on the drop.

The pattern of import of oil and gas condensate in 2000 lacked notable changes. Oil was the top import article, although the portion of gas condensate supplies increased from 1% or 45 ths.tons in 1999 to 3% or 160 ths.tons in 2000.

Similar to 1999, imports of gas condensate in 2000 were made from Russia. Geography of oil supplies in 2000 did not see changes against 1999. Nonetheless, the share of Russia's oil diminished from 87% to 69% within the total import of the commodity in 2000, whereas the portion of oil shipments from Kazakhstan grew from 13% up to 31%.

In 2000, imports of oil products to Ukraine added 16% as compared to 1999; thus, amounting to some 4.5 mln.tons. Petrol imports increased by 6%, supplies of diesel fuel slashed by 2%, and Ukraine-bound shipments of fuel oil declined twofold in 2000.

In 2000, the composition of oil products' import to Ukraine looked as follows: the share of petrol made 41%, diesel fuel yielded 51%, and fuel oil added 4%.

Figure 2.

Supplies of petrol and fuel oil throughout 2000 were made primarily from the same countries as in 1999. However, the share of petrol supplies from Belarus increased from 9% in 1999 to 32% in 2000, supplies from Russia increased from 14% to 22%, and Lithuanian imports of the product advanced from 11% to 16% respectively. As compared to 1999, shipments from Latvia in 2000 went from 38% down to 24%.

Similar to 1999, diesel fuel in 2000 was mainly imported from Russia and Belarus. The portion of the Russian product stood virtually unchanged at 45-46%, while Belarus imports expanded from 23% up to 37%.

Average annual prices for Ukrainian imports in 2000 made USD/mt 215 for gas condensate, USD/mt 180 for oil, USD/mt 280 for petrol, USD/mt 275 for diesel fuel, and USD/mt 170 for fuel oil as compared to average annual prices in 1999, which made USD/mt 125 for gas condensate, USD/mt 96 for oil, USD/mt 240 for petrol, USD/mt 185 for diesel fuel, and USD/mt 75 for fuel oil.