The OKKO gas station network has entered into an agreement with the Black Sea Trade and Development Bank (BSTDB) to establish a revolving credit line of up to €25 million. This funding is intended for the procurement of petroleum products, particularly from the Black Sea region, which includes Romania, Bulgaria, Greece, and Turkey. Last year, OKKO imported over 30% of its gasoline and diesel from these nations, underscoring the importance of regional partnerships in securing fuel supply.
OKKO’s director, Vasyl Danylyak, expressed optimism that this agreement would attract further support from external donors for Ukrainian businesses that are striving to operate effectively despite the challenging economic environment. The financing will not only bolster OKKO’s operations but also enhance its logistical capacity for transporting light oil products into Ukraine.
Serhat Köksal, the president of BSTDB, emphasized the bank’s role in aiding OKKO’s operational continuity and its efforts to develop alternative logistics for fuel delivery. This collaborative move signifies a strategic response to prevailing economic conditions, facilitating better access to essential petroleum resources for Ukraine’s energy needs.
In summary, the partnership between OKKO and BSTDB exemplifies a proactive approach to ensuring a stable fuel supply in Ukraine. By leveraging regional resources and international financial support, this initiative aims to strengthen the resilience of the Ukrainian energy sector amidst ongoing challenges.
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