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Naftogaz to design fuel stabilization fund model by March 2012
Journal Staff Report

KIEV, Dec. 13 – Naftogaz Ukrayiny is planning to design a model for the functioning of a fuel stabilization fund by March 2012, said Felix Lunev, an advisor to the Naftogaz chairman.

He said that several problems should be settled during the designing of the fund model: In particular, Ukraine does not have enough oil depots, while leasing them is often economically unjustifiable.

As reported, the fuel stabilization fund is required to carry out commodity interventions and market stabilization during price hikes.




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