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Ukraine's oil reserves to be discussed with EU Commission

      RBC, 28.07.2006, Kiev 14:23:49.On September 25, 2006, the Ukrainian government and the European Commission intend to discuss "a number of unresolved issues" concerning the program to create strategic oil reserves for Ukraine, said Faouzi Bensarsa, representative of the European Commission's General Directorate for Energy. In late February, Ukrainian PM Yuri Yekhanurov instructed the country's Fuel and Energy Ministry, the Economy and Finance Ministries and the State Reserve Committee to develop the program to create strategic oil reserves by the end of 2006, using the experience of European countries. Ukraine intends to build up a three-month reserve over several years. The size of the reserve is estimated at 2.3m tonnes of gasoline and diesel fuel.

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