Нефть и газ

According to a press release issued by the Ministry of Industrial Policy of Ukraine, domestic nitrogen fertilizer producers may soon be able to import natural gas directly, bypassing Naftohaz of Ukraine.

On March 24, 405.0 thsd mt of oil was sold at Resources Auction 127, which took place on the floor of the Ukrainian Interbank Currency Exchange.

Concern Galnaftogaz [GLNG UZ, Speculative BUY] disclosed its non-consolidated UAS FY08 results.

On February 24, only 0.5 thsd mt of oil was sold at Resources Auction 126, which took place on the floor of the Ukrainian Interbank Currency Exchange. According to our source at the UICE, the average price of oil was UAH 1,502 per mt (down 28.5% from the last Auxiliary Auction 125-D on January 27), or USD 18.4 per bbl (excluding VAT, at USD/UAH 9.26, down 38.4%).

Ukrnafta [UNAF UZ, BUY] released its official preliminary FY08 financials on February 20.

As reported by Ukrainian News, Prime Minister Yulia Tymoshenko directed several government bodies to prepare directives for allowing Ukrainian fertilizer producers to purchase natural gas directly from gas extraction companies.

An EGM of Ukrnafta [UNAF UZ, BUY], which was scheduled for today, did not take place because of the absence of the shareholders’ registry.

On January 21, 245.0 thsd mt of crude oil were sold at Resources Auction 125, which took place on the floor of the Ukrainian Interbank Currency Exchange. According to our source at the UICE, the average price of oil was UAH 1,334 per mt (down 8.0% from the previous Auction on December 24, 2008), or USD 19.4 per bbl (excluding VAT, at USD/UAH 7.8075, down 6.5%).

The total volume offered at Auction 125 was 416.4 thsd mt, 55% of which was sold.

On December 23, 197.4 thsd mt of crude oil were sold at Resources Auction 124, which took place on the floor of the Ukrainian Interbank Currency Exchange. According to our source at the UICE, the average price of oil was UAH 1,450 per mt, or USD 20.8 per bbl (excluding VAT, at USD/UAH 7.94).

An EGM of Ukrnafta [UNAF UZ, BUY], which was scheduled for today, did not take place because of the absence of the shareholders’ registry. The agenda for the EGM included profits’ distribution for 2006 and 2007, as well as recalling and electing the Supervisory Board, the Revision Board, and the Management Board of the company.