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Ukrainian Journal cited Bohdan Sokolovskiy, President Victor Yushchenko's top energy aide, as saying that Ukraine will not resume direct natural gas imports from Turkmenistan until 2015 when the Central Asian country plans to double gas output. Sokolovskiy said in a statement: “We must consider the year of 2015 as the target year.” This is a setback for Ukraine, which has been seeking to resume direct imports of gas from Turkmenistan much earlier, in order to reduce dependence on Russian gas.
Oct 2, 2009 at 09:11
Ukraine, the first country in the region to line up for the IMF bailout, will probably contract 14 percent this year and expand 2 percent in 2010, the fund said. Ukrainian output slumped 20.3 percent in the first three months and 17.8 percent last quarter. The economy may shrink as much as 12 percent this year, the deepest decline since 1996, according to the Economy Ministry.
Oct 2, 2009 at 09:09
Ukraine’s Yenakievo Iron and Steel Works (YeMZ), one of the world’s largest producers of steel billets, signed a Joint Implementation Project (JIP) deal under the Kyoto Protocol with ING Bank seeking to reduce emissions of greenhouse gas (GHG). According to preliminary estimates, the project will help the company to reduce GHG emissions into the atmosphere by about 1.5 million metric tons of CO2 equivalent by 2012, the company said in a statement.
Oct 2, 2009 at 09:06
Russian oil major Lukoil on Thursday threatened to shut down its Ukrainian oil refinery after the country’s oil shipper suggested switching pipeline routes to enable massive imports of Caspian Sea crude. UkrTransNafta said it wanted to use Odessa-Kremenchuk section to deliver Caspian crude to UkrTatNafta, Ukraine’s largest oil refinery, suggesting that Lukoil may deliver its crude to its Odessa refinery via Brody-Odessa pipeline.
Oct 2, 2009 at 09:04