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Russian Lukoil Halts Oil Supplies To Ukraine Odessa Refinery

Tyler Durden's picture


A few days ago we reported that the Ukraine decided to call Russia's "trump card" bluff - that would be everyone else's reliance on Russian gas supplies - when it drastically cut imports of Russian gas by 80% in February, seemingly to demonstrate its energy independence from Puting. Now Russia has decided to take the Ukraine to task, by announcing it has halted oil deliveries to the Ukraine Odessa refinery. Hopefully the Ukraine, whose foreign currency reserves tumbled from $17.9 billion on February 1 to $15 billion currently, has alternative means of supplying itself with energy from benevolent sources, particularly those who are willing to provide the country with oil in exchange for goodwill.

From Itar-Tass:

Russia’s oil company LUKOIL has stopped oil supplies to the Odessa refinery in Ukraine.


“The last tanker was sent on December 29,” a company official said on Wednesday, February 26.


Ukrainian media reports said earlier in the day that police had sealed oil tanks at the Kherson refinery. Oilnews quoted eye witnesses as saying that police had blocked all exits from the Odessa refinery in the morning of February 25.


On February 24, the refinery’s Director Valery Chakheyev tendered resignation; executive Director Sergei Kuznetsov and other top managers also walked out of the enterprise’s offices.


Media reports also said that the refinery would soon stop operation as it gets no more oil from the Sintez Oil transshipment centre that has stopped supplies to the enterprise because of its debts.


The refinery has also been notified about the coming termination of power supplies from February 27 because of the unpaid debts.


Telephones at the Odessa refinery do not answer. Sintez Oil officials told ITAR-TASS they “have no information."

Ukraine may have gotten its indepdence from Russia. One wonders how much it likes being independent of heating and energy too.

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Wed, 02/26/2014 - 11:45 | 4480116 ebworthen
ebworthen's picture

The Russians obviously have a plan to protect their Eastern border, and interests.

Not so sure about the EU and the U.S. other than bankster skullduggery.

Western Ukraine should ask the Greeks how they feel about the EU.

Wed, 02/26/2014 - 11:51 | 4480149 Flakmeister
Flakmeister's picture

But you agree that the Western Ukrainians have a right to choose?

Wed, 02/26/2014 - 12:08 | 4480239 Occident Mortal
Occident Mortal's picture

Told you,


I spotted this guy earlier in the week.



Wed, 02/26/2014 - 12:11 | 4480263 PR Guy
PR Guy's picture

They'll be OK without gas. They got democracy to keep em warm now.


Wed, 02/26/2014 - 12:24 | 4480336 BandGap
BandGap's picture

Apparently a lot of tires to burn, too.

Russia is just going to take the game to them rather than let any fires start in Mother Russia.

Wed, 02/26/2014 - 12:26 | 4480343 quintago
quintago's picture

The morons couldn't wait till summer.


-Cold Ass Honkey

Wed, 02/26/2014 - 12:33 | 4480374 Manthong
Manthong's picture

Sochi pretty much kept their northern friends quiet.

But don't think for a moment that the logistics guys got to watch much of the games.

Wed, 02/26/2014 - 12:58 | 4480498 Oh regional Indian
Oh regional Indian's picture

It really does look like a mini-skirmish between two heavies coming up this mid-march....say 21st or so maybe? Naval incident? 

Too many fires lit all over the globe...



Wed, 02/26/2014 - 13:07 | 4480545 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

The Ukraine will soon be too poor to afford oil, NG or anything from the Soviets, I meant Russia.

Wed, 02/26/2014 - 13:25 | 4480643 CrashisOptimistic
CrashisOptimistic's picture

Did some reading.  It's not seasonal.

44% of Ukraine electricity comes from nat gas, and Ukraine produces internally less electricity than it uses.  The rest comes from the Russian grid.

So not only may they be chilly, they'll be dark, too.

Wed, 02/26/2014 - 13:47 | 4480747 Flakmeister
Flakmeister's picture

OM. an apropos image indeed....

Did anyone ever doubt that Putin would put the screws to the Ukraine? Do you think that he'll do the same to NordStream?

Wed, 02/26/2014 - 12:17 | 4480259 earnyermoney
earnyermoney's picture

They're "free" to choose a regime backed by the West; otherwise the answer is no. Who's the crook that came to power in the "Orange" revolution? Given Barry's track record, Ukraine will resemble Syria and Libya in 6 months.

Wed, 02/26/2014 - 12:19 | 4480308 ptolemy_newit
ptolemy_newit's picture

LOL Flak!  The US foreign policy is the root cause of the death in Ukraine, EVERYONE knows it.

Can you imagine if that Clinton lady won the presidency (scary)

Wed, 02/26/2014 - 12:55 | 4480485 NotApplicable
NotApplicable's picture

"What difference does it make?"

Wed, 02/26/2014 - 15:30 | 4481305 Jack Burton
Jack Burton's picture

Since we are on good terms Flak, I will answer. Yes, I support West Ukraine's right to join the EU and to host NATO. In fact, that is best for long term peace. You know how I feel about Russian Ukraine and Crimea. A NATO attempt to absorb that, in my opinion, is just cause for war by Russia. You can only press them into the corner for so long and they will lash out. The NATO folks, if they believe in peace, ought to settle for the take over of West Ukraine.

Wed, 02/26/2014 - 16:55 | 4481787 Flakmeister
Flakmeister's picture

And for that reason any settlement that comes out this will no doubt cede that point to Putin. Do you really think NATO is so stupid to push a dangerous man like Putin into a corner?

All this is assuming Putin doesn't just roll in, put a new puppet in charge and Ukraine becomes the equivalent of totalitarian Soviet satelllite circa 1970. Which is entirely possible....

I predict that if he does, he will have a real uprising on his hands... 

The cat is out of the bag, people know what is out there in the big wide world. Just about the only place where it isn't is N. Korea and that is getting dicey even there...

Wed, 02/26/2014 - 16:06 | 4481498 Kirk2NCC1701
Kirk2NCC1701's picture

@Flakmeister: "But you agree that the Western Ukrainians have a right to choose?"

Do you mean the kind of Fully Informed, Non-Manipulated, Non-Lobbied "choice" that is not funded by secret donors from NGOs?  IOW the kind genuinely democratic choice that we have in the US?  /sarc

(I added the 'sarc' tag for your benefit)

Wed, 02/26/2014 - 17:06 | 4481747 Flakmeister
Flakmeister's picture

Do you think the real world is a fairy tale? Seriously...

If a Ukrainian is in doubt about who is selling them a bill of goods, they just have to look at Poland. They know full well that between them and the Poles they barely had  a pot to piss in 20 years ago...

Unless you are saying the Ukrainians are stupid and should just be happy with what they got? Which I really don't think you are...

Wed, 02/26/2014 - 17:09 | 4481901 Flakmeister
Flakmeister's picture

Based on the votes, 5 up 20 down, 80% of you do not believe that Western Ukrainians do not have a right to choose...

Absolutely incredible...

Wed, 02/26/2014 - 20:45 | 4482747 StychoKiller
StychoKiller's picture

Hmm, let's see:  go with a warm, comfortable but corrupt dictatorship, or go with a bunch of insolvent bureaucrats with no way of keeping warm...Is there a third choice available???

Wed, 02/26/2014 - 21:36 | 4482973 Flakmeister
Flakmeister's picture

That is not the question....

The question is whether they have a right to choose...

Unless they call in Tony Blair, there is no third way :-)

Thu, 02/27/2014 - 04:24 | 4483719 spacewiz
spacewiz's picture

Definitely, they can choose to stay in their forest and eat their salo... They don't have and never had any other options... well, I guess I might be wrong seeing how hard they fight to become cheap low-skilled laborers in the EU...

Wed, 02/26/2014 - 11:58 | 4480156 LawsofPhysics
LawsofPhysics's picture

Correct.  AS usual it will come down to the soldier to sort all this out for the banksters.

same as it ever was...

Wed, 02/26/2014 - 12:05 | 4480224 Ghordius
Ghordius's picture

"Western Ukraine should ask the Greeks how they feel about the EU." how do they feel about the EU? do polls count? for example those where the question is about the EUR, where 65% still want to keep it?

oh, I forgot, this is the month were "Fuck the EU" is a hashtag or something

Wed, 02/26/2014 - 12:48 | 4480446 nightshiftsucks
nightshiftsucks's picture

And how are you certain that those numbers aren't manipulated ?

Wed, 02/26/2014 - 14:41 | 4481025 frenzic
frenzic's picture

What with the election being only months away now. They have shifted up alright.

Wed, 02/26/2014 - 12:23 | 4480327 Quinvarius
Quinvarius's picture

The bankers never have a realistic plan due to the fact that their only goal is to make people use their brand of monopoly money in real life.  Their goal is not reality based and it does not account for political conseqences beyond, "Oops! Failed here! Next country!  Someone else can clean up this mess we made!"  It is like having your house robbed by a pro.  When you come home the place is destroyed and they took what they could carry before the heat arrived.

Wed, 02/26/2014 - 12:58 | 4480499 NotApplicable
NotApplicable's picture

When your only play is to "destroy competition and steal all of their loot, while maintaining a compassionate facade" what else could one expect?

Wed, 02/26/2014 - 11:46 | 4480122 max2205
max2205's picture

Your move Barry

Wed, 02/26/2014 - 11:50 | 4480140 Flakmeister
Flakmeister's picture


Barry does not have to do shit....

It's up to Vlad to get Humpty back together again...

Wed, 02/26/2014 - 11:52 | 4480155 TahoeBilly2012
TahoeBilly2012's picture

Barry is going to send in Miley Cyrus or maybe even Madonna if he really needs to bolster our presence. 

Wed, 02/26/2014 - 12:05 | 4480225 Manthong
Manthong's picture

He could threaten to send the First Wookie in to kick ass and take names.

Hillary could have her back with a truck load of lamps and ash trays.

Wed, 02/26/2014 - 12:26 | 4480344 BandGap
BandGap's picture

Worse than nukes.

Wed, 02/26/2014 - 11:56 | 4480171 Muddy1
Muddy1's picture

He's golfing today, and John "I served in Viet Nam" is windsurfing.

Wed, 02/26/2014 - 11:48 | 4480138 Taint Boil
Taint Boil's picture

No problem … Don’t we have more oil than the Saudis ROFL.

Wed, 02/26/2014 - 11:53 | 4480159 Flakmeister
Flakmeister's picture

I've been told theres a trillions barrels in the form of Tater tots buried deep in Colorado and Utah... 

Wed, 02/26/2014 - 12:07 | 4480235 Dr. Engali
Dr. Engali's picture

No Tater tots in Idaho? Must be peak Tater.

Wed, 02/26/2014 - 12:18 | 4480303 Cygnus Nigri
Cygnus Nigri's picture

Only problem is it will take another trillion barrels worth of energy to cook it out. Oh yeah and water, LOTS of water... no problem with that right now  /s


Wed, 02/26/2014 - 12:42 | 4480410 post turtle saver
post turtle saver's picture

"You caught me! You caught the Tater!"

Wed, 02/26/2014 - 20:48 | 4482757 StychoKiller
StychoKiller's picture

Quick, someone airlift some coopuns to the Ukrainians... :>D

Wed, 02/26/2014 - 11:57 | 4480160 Muddy1
Muddy1's picture


Yep, and we will transport the crude right down to the Gulf for shipping to Ukraine via Keystone, errr wait I mean the railroads.

Wed, 02/26/2014 - 11:49 | 4480139 Max Damage
Max Damage's picture

Why supply when you are in danger of attack, and the customer cannot afford to pay. Back to the western banksters!!!

Wed, 02/26/2014 - 11:51 | 4480148 LawsofPhysics
LawsofPhysics's picture

Who runs barter town?

The liabilities are what they are.  Interesting times indeed.

Wed, 02/26/2014 - 11:52 | 4480157 ParkAveFlasher
ParkAveFlasher's picture

Gold, bitchez! 

Wed, 02/26/2014 - 11:57 | 4480177 LawsofPhysics
LawsofPhysics's picture

You still need energy (calories) in order to mine and refine PMs.

Wed, 02/26/2014 - 12:02 | 4480195 RSloane
RSloane's picture

To take your advice, we're still going long sharecroppers. If business keeps up for the Spring, we're going to have to clear new lots and expand the parking area. To build a refreshment stand or not to build, that is the question.

Wed, 02/26/2014 - 12:05 | 4480219 LawsofPhysics
LawsofPhysics's picture

Good plan.  I need to stop blogging and go speak to a person about another well on one of our properties.

Wed, 02/26/2014 - 12:49 | 4480456 Dollarmedes
Dollarmedes's picture

There's always money in the banana stand.

Wed, 02/26/2014 - 12:32 | 4480366 I Am Not a Copp...
I Am Not a Copper Top's picture


Wed, 02/26/2014 - 11:52 | 4480154 sgorem
sgorem's picture

i invision ALL of the gas station owners furiously sending their minimum wage slaves out to the pumps to jack up the price of petrol across the country as i type. no? 2 gouge, or not to gouge?.......not to worry, CONgress will get a committee up to investigate this crime against the Amerikan Sheeple Flock. wtf......

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