Ukraine imports Libyan crude for first time

Eklavya Gupte

London — Libya’s crude has found a rare home in Ukraine, as the Eastern European country seeks cheaper alternatives as values of some light sweet crudes soar.

Ukraine relies heavily on Azerbaijan’s Azeri Light crude which is light, sweet and middle distillate-rich. But Azeri Light premiums to Dated Brent have reached eight-year highs in recent weeks, pushing Ukraine to seek more economical substitutes.

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Refinery, file image.

Refinery, file image.

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