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The government allowed Ukrnafta to store fuel in the underground storage facilities of the Ministry of Defense

The government allowed Ukrnafta to store fuel in the underground storage facilities of the Ministry of Defense

The Cabinet of Ministers has approved a pilot project to store Ukrnafta’s petroleum products in protected underground storage facilities of the Ministry of Defense. It will operate during martial law, but not longer than two years.

This is stated in Government Resolution No. 1394 of November 4.

The document provides for the introduction of underground storage of petroleum products that belong to Ukrnafta and will be transferred for responsible storage under contracts.

“To agree with the proposal of the Ministry of Defense to implement, during the duration of the legal regime of martial law, but no longer than two years from the date of entry into force of this resolution, a pilot project to introduce underground storage of petroleum products under the legal regime of martial law,” the document states.

Petroleum products stored within the project will be accounted for separately from the minimum reserves of oil and petroleum products. Part of the fuel is intended for the needs of the Ministry of Defense.

The Ministry of Defense will coordinate the implementation of the project and determine the volumes of petroleum products that each responsible custodian will be able to accept for storage.

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