At the same time, he admitted that, from the viewpoint of the interests of the state, this was a justified measure and was met with understanding by Ukrnafta. Due to the fact that all October and November domestic oil was not sold at auctions but was given to the State company for material reserves for processing, Oleh Salmin stressed, Ukraine managed to accumulate reserves of fuel oil which will be soon built up to the required level of 160,000 tons. The demand for oil exceeds the supply 7 times. Competition is not so tough for gas condensate and stable gasoline, due to low quantities to be auctioned. The asking price for oil ranges from UAH 1,000 to UAH 1,100 per ton.
Bills confirming the delay are to be issued by the customs authorities.
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