Project description
and objectives:
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The proposed project consists of USD 65 million in modernization improvements for Ukrtransnafta, the Ukrainian State oil transportation company. The main components are fourfold:
1) Installation of oil metering units to implement oil quality testing in accordance with international standards;
2) Optimization and expansion of the existing oil storage terminal at Pivdenny for greater efficiency and security of supply;
3) Installation of a microprocessor system for automating oil pipeline network management to ensure accident free operation and environmental protection and;
4) Communications network modernisation to improve system reliability. All procurement will be carried out according to EBRD public sector procedures.
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Transition
impact:
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The project will be the first International Financial Institution facility for Ukrtransnafta and is designed to modernise and improve the efficiency and reliability of the oil transportation system of Ukraine. The improvements also impact positively on security of supply and transit. The project will also introduce international procurement standards and requirements.
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The client:
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Ukrtransnafta is a Joint Stock Company 100% owned by the State oil and gas company, National Joint Stock Company Naftogaz Ukraine. Ukrtransnafta is charged with the operation, maintenance and development of the State oil pipeline network which remains State property.
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EBRD
finance:
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USD 65 million Senior Corporate Loan.
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Total project cost:
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The project is part of Ukrtransnafta’s overall capital expenditure programme projected to be USD 200 million during the disbursement period.
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Environmental impact:
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The project was screened B/1. Environmental due diligence is still underway. Nevertheless the results of all the independent investigations, including a site visit by the Bank’s Environment and Sustainability Department, confirm that the Pivdenny Tank Farm has been constructed and is operated to a very high standard, in line with best international environmental, health and safety requirements. The tanks are all relatively new, double skinned with floating roofs to minimise vapour losses. The location is remote from other buildings and fire and spill protection is of a high standard. The planned new storage tank will be built to the same high standard of environmental, health and safety.
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Technical
cooperation:
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A feasibility study was financed by the EU under the INOGATE IFI Due Diligence Support Facility Framework Agreement.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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EBRD contact:
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Paul Shapiro, Operation Leader: shapirop@ebrd.com
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Procurement or tendering
opportunities:
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Visit EBRD Procurement
Enquiries: Tel: +44 20 7338 6794; Fax: +44 20 7338 7472, Email: procurement@ebrd.com
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General
enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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