Нефть и газ

The European Commission has acknowledged the compliance of Ukraine’s sunflower oil to European standards. The Commission inspected Ukraine’s oil producers in September. The results of the inspection were officially released yesterday by the Government of Ukraine. The Eurocomission admitted that Ukrainian state systems of prevention of oil contamination meets all European standards, which are defined in the Eurocommission decision # 2008/433.

On November 25, 215.3 thsd mt of crude oil were sold at Resources Auction 123, 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 1,719 per mt, or USD 28.9 per bbl (excluding VAT, at USD/UAH 6.75).

Ukrnafta [UNAF UZ, BUY] plans to sell 422.4 thsd mt of oil and 19.5 thsd mt of gas condensate at the Ukrainian Energy resources Auction 123 on November 25.

Ukrnafta [UNAF UZ, BUY] will not sell oil at the auxiliary Ukrainian Auction 122-D, announced for November 18.

On November 10, Concern Galnaftogaz [GLNG UZ, Speculative BUY] disclosed its selected consolidated UAS 1H08 results.

On Saturday, October 25, the National Electricity Regulatory Commission (NERC) – Ukraine's main energy regulatory body – approved a price hike for Ukrainian gas consumers, which is an average rate of 35%. As announced by NERC Head Valeriy Kalchenko, the new tariffs take effect as of December 1, 2008.

On October 21, 5.7 thsd mt of crude oil were sold at Resources Auction 122, which took place on the floor of the Ukrainian Interbank Currency Exchange.

Ukrnafta [UNAF UZ, Strong BUY] plans to sell 216.5 thsd mt of oil and 12.6 thsd mt of gas condensate at the Ukrainian Energy resources Auction 122 on October 21.

Ukrnafta [UNAF UZ, Strong BUY] announced that an AGM will take place on December 02. According to Ukrainian News, the meeting’s agenda is packed with important items.

Oleh Dubina, the CEO of Naftohaz of Ukraine, hopes that the natural gas price for Ukraine does not exceed USD 300 per thsd cbm in 2009.