"Naftogaz Ukraine" national joint stock company plans every year to buy 2 billion of Libyan oil in excess of the volumes which the company will receive as the result of oil and gas production according to the precontract about the production division (PPD). The president of the national joint-stock company, Aleksey Ivchenko, informed about it.

According to his words, "Naftogaz Ukraine" intends to supply Italy with oil and gas and to get Russian oil and gas as a result of the substitution system. He also mentioned that "Naftogaz Ukraine" plans to supply European markets with additionally purchased volumes according the similar substitution scheme.

When commenting "Naftogaz" activity abroad, Ivchenko informed that on May 30 he will depart to Kazakhstan along with the president of Ukraine, Viktor Yushchenko, in order to set their hands on the memorandum about joint oil and gas producing. "Naftogaz Ukraine" negotiates with Egypt and Azerbaijan about the carbohydrates producing.

It should be remind that on October 10, 2004 the former president of "Naftogaz Ukraine", Yuri Boyko and the president of Libyan National Oil Company (NOC), Abdullah Salem Al-Badry, set their hands on the PPD.

The PPD was to create a new managing subject with the help of "Naftogaz Ukraine." The subject was to invest money in developing of four oil and gas blocks chosen by the specialists of the company. The minimal invest volume of the exploration amounted 57,5 billion USD according to the PPD. The mine workings had to cover the expenses in a period of 2 year from the beginning of the work.      


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