VETEK Group contract with Vitol and Trafigura, for the supply of Odessa Oil refinery products

VETEK Group of Companies signed a long-term contract with Vitol to supply vacuum gasoil produced by the Odessa Oil Refinery.

Also, VETEK Group of Companies signed a long-term contract with Trafigura for the supply of high-sulfur fuel oil produced by the Odessa Oil Refinery.

The main type of crude oil used by the Odessa Refinery is the Urals one, which is shipped from Sheskharis terminal, from the port of Novorossiysk.

Deals with crude oil are done in cooperation with trade financing from the Russian bank VTB.

In the nearest future, the Odessa Oil Refinery will increase the level of processing and, as a result, the volume of crude oil purchases.

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