Comprehensive modernization of the Kremenchug Oil Refinery


The purpose of the project:

Capacity building

Key spending unit
Ministry of Energy of Ukraine
Functional classification of expenditures and budget crediting
0432 - Нафтогазова галузь
Target priority of the government
990100 - Інші пріоритети Уряду
Score
3.56375

Basic data

Detailed description of the project

The project envisages a comprehensive modernization of the Kremenchug refinery with the replacement of a large part of the oil refining equipment, an increase in the depth of processing and an increase in the design capacity of processing from 6 to 11 million tons of oil per year. After the start of the full-scale invasion of Russian troops into Ukraine in February 2022, the main routes of oil and petroleum products in Europe and Ukraine were changed, which emphasized the need for self-sufficiency in energy, including creating the necessary levels of minimum reserves of oil and oil products.

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Problems

Current status, description of problems and needs for their solution
The existing equipment is partially destroyed as a result of missile attacks on the infrastructure from the Russian side, is not efficient enough in terms of the depth of processing (currently, the depth of oil processing in the light of petroleum products is about 74%), emits significant volumes of greenhouse gases and limits the possibilities of increasing the volume of oil processing to cover most of the domestic Ukrainian market's demand for petroleum products.
A detailed description of the project goal and the way to achieve it
The goal of the project is the comprehensive modernization of the Kremenchug Refinery to increase the volume and depth of processing and, as a result, to overcome the critical dependence of the Ukrainian economy on the import of petroleum products.

Coordination of the project with strategic documents

Sphere development strategies
Energy strategy of Ukraine for the period until 2050 (approved by the Decree of the CMU of April 21, 2023 No. 373-r)

Involved organizations

Organization
MINISTRY OF ENERGY OF UKRAINE
Roles
  • Project author
  • An executor
  • An initiator
EDRPOU code
37552996
Organization
Ministry of Energy of Ukraine
Roles
  • Key Spending Unit
EDRPOU code
240

Demand for the service and its dynamics

Category
Year
Rating
Measure

Project indicators

Indicator
Base value
Target value
Bandwidth
11000000
11000000
Number of people to use the service
10
10
Number of jobs, including for IDPs
100
100

Project plan

Implementation
Feasibility study
Budgeting
Preparation
Technical design
Assessment
Appraisal
Financing
913 days
274 days
272 days
90 days
59 days
59 days
30 days
30 days

Documents

Name
Date
Concept_Modernization of KNPZ PJSC Ukrnafta.rtf
Common document
22.08.2024
10:24:30 UTC

Gallery

DREAM Code

DREAM-UA-210824-BAFC40AF

Status

Active

Create date

21.08.2024

Estimated budget

97'342'069'000

Project creator

MINISTRY OF ENERGY OF UKRAINE

Initiator

MINISTRY OF ENERGY OF UKRAINE. PUBLIC JOINT STOCK COMPANY "UKPNAFTA"

Implementer

MINISTRY OF ENERGY OF UKRAINE

Project implementation period

04.24 - 12.27

Geography

Kremenchuk

Classification of sectors of economic activity according to the taxonomy of the World Bank

LC - Oil and Gas