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Agro Gas Trading is continuing its cooperation with the Odessa Port Plant

The tolling contract between Agro Gas Trading and PJSC "Odessa Port Plant", effective until September 1st, 2020, was extended for 4 months. The corresponding decision to prolong the contract was made the day before by the Management Board of the OPP and approved by the Supervisory Board of the enterprise.

AGT will provide OPP with continuous supplies of raw materials until they run the tender for the selection of the supplier and the signing of a new contract based on its results. Maintaining the uninterrupted operation of the enterprise will allow in the future to avoid additional resource and material costs, which are necessary to restart the production units of the OPP.

"Prolongation of the contract is a necessary measure to avoid stopping the plant. At the same time, it should be understood that constant cancellation of tenders and information noise around the OPP are not in our interests. AGT is interested in honestly and calmly working with the enterprise under a long-term contract, and not temporary agreements. Nevertheless, the key task at this stage is to maintain the stable operation of the plant. This supports the interests of both the plant itself and any potential partners of the plant," said Oleksandr Gorbunenko, managing partner of AGT.

During the validity period of the prolonged contract, AGT will continue to supply raw materials, sell the company's end products in a timely manner, and fully pay for the services of the natural gas processing plant. This step will provide jobs for the plant's many thousands of employees and maintain the positive dynamics of returning specialists to the OPP. In addition, the company will be able to make complete tax payments to local and central budgets, and will also continue to fulfill its obligations to creditors, in particular to "Naftogaz of Ukraine" NJSC.

"AGT is a reliable partner for the OPP. We are ready to ensure uninterrupted operation of the enterprise until a new tender for the selection of a tolling company is held. AGT will again take participate, and prove once again that we offer the OPP the most favorable terms of the tolling contract," said AGT partner Vladimir Kolot.

Let us remind you that during the year of cooperation, the AGT supplied 655.6 million cubic meters of natural gas for processing at the Odessa Port Plant, of which 796.2 thousand tons of carbamideand 90.3 thousand tons of ammonia were produced. OPP products are widely represented in international markets and are exported to Asia, Europe, Africa, South and North America.

 

28 August, 2020