Ukrtransnafta cuts oil flows 12.5% in Jan-Feb

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Ukrtransnafta cuts oil flows 12.5% in Jan-Feb

KYIV. March 20 (Interfax) - JSC Ukrtransnafta, Ukraine's oil transport monopoly, cut oil flows 12.5% year-on-year to 4.233 million tonnes in January-February 2012, the Ukrainian Energy and Coal Industry Ministry said.

Oil transit to Western European countries (Slovakia, Hungary and the Czech Republic) was down 16.4% to 2.687 million tonnes in the two months.

Oil transport to Ukrainian refineries declined 4.6% to 1.546 million tonnes.

Last year, Ukrtransnafta reduced oil transit to Western European countries by 11.8% to 17.771 million tonnes.

Ukrtransnafta is the operator of Ukraine's oil transport system. Ukraine's national oil and gas company Naftogaz Ukrainy manages 100% of its shares.