With Palytsia, the WOG Network Quadrupled Its Purchase From Kremenchug Refinery
Kremenchug Refinery is increasing its gasoline supply to Ukrainian gas station networks. The railway shipments of gasoline from Ihor Kolomoisky’s Ukrtatnafta plant increased by 63% and reached 126 thousand tons for the first 11 months of 2019. In 2018, the number had totalled 77 thousand tons.
This was reported by BusinessCensor with reference to enkorr. According to the analysts’ estimates, around 20% of the total gasoline production is shipped by rail from Kremenchug Refinery. The other 550 thousand tons for 11 months of the current year were shipped to tanker trucks, mainly for the needs of the Privat network (comprising 1540 stations).
As reported, the largest buyer of Kremenchug gasoline by rail in 2019 was the WOG company that increased its purchase by four times and reached the point of 45 thousand tons.
The Marshal Filling Station, in its turn, took the second position and became the second largest buyer of the refinery’s gasoline by rail in 2019. The company more than doubled its purchases from Kremenchug Refinery and reached 20 thousand tons. In comparison, the purchases for January-November 2018 had totalled 8,5 thousand tons.
As of February 2019, Amic Ukraine also started purchasing gasoline from the Kremenchug Refinery on a regular basis. For the first 11 months of 2019, it received overall 10 thousand tons.
In mid-August, Ihor Kolomoisky, one of the leaders of Privat Group, declared that WOG would acquire fuel from Kremenchug Refinery.
“We negotiated with them (read, WOG) and they stopped this nonsense. Now, they buy everything at Kremenchug,” Kolomoisky said in his interview for Censor.
The WOG gas station network is controlled by the Continuum Group, which is owned by Stepan Ivakhiv, Serhiy Lahur, Petro Dymiskyi and by Ihor Yeremeyev’s heirs. The exact ownership structure of the group is still unknown to this day. Numerous cases of litigation are ongoing between the shareholders, and Ihor Palytsia, Chairman of the Volyn Oblast regional parliament, who is very close to Kolomoisky, is participating therein. Earlier, Palytsia was in a sharp conflict with Ivakhiv and with Yeremeyev, when he was alive.
The WOG gas station network, comprising around 415 stations, is present in 24 regions of Ukraine.
