Ukraine intends to create a strategic reserve of oil

© RIA Novosti / Maxim to Bogodeeva in photobacteria oil. Archival photoUkraine intends to create a strategic reserve of oil© RIA Novosti / Maxim to Bogodeeva the image Bank

The state reserve Agency of Ukraine has developed a bill to create a strategic reserve of oil in the amount of 2 million tons, said the head of Department Vadim Mosiychuk.

«For the first time in Ukraine will be a proposed bill about the minimum stocks of oil and oil products. This bill was written in the last five months. Today it is being coordinated by the energy community and moving with the support of the EU delegation in Ukraine», — quotes the Chairman of the Agency UNN.

According to him, such a law would provide an opportunity to create a 90-day strategic reserve of oil and oil products, which can be used during emergencies. It is planned that the reserve will consist of 2 million tons of oil, which will partially be stored at the enterprises of state Reserve (70%) and partly from the private sector (30%).

Mosiychuk was admitted said that the creation of such a reserve, Ukraine needs around $ 2.5 billion, which will be partially covered through loans from the European Union.

Ukraine intends to create a strategic reserve of oil© Infographicsrussia forces in the world oil market

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