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Ukrnafta demands 2bcm of gas from Naftogaz to repay debts

May 30, 2015, 23:32 UTC+3 KIEV
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KIEV, May 30. /TASS/. Ukraine’s Naftogaz Ukrainy, the national oil and gas company, is due to give back two billion cubic meters (bcm) of gas to its subsidiary Ukrnafta, the country’s state-controlled oil producer, Ukrnafta CEO Peter Vanhecke said in an interview with the 1+1 television channel on Saturday.

Vanhecke said that Naftogaz should return 2bcm of gas to the subsidiary noting that then would be possible to meet tax liabilities.

Naftogaz should give back 10bcm of gas to Ukrnafta, he said adding that the court ruled that 2bcm of gas out this amount should be returned. At the same time, the ruling was passed by the Highest Court of Commerce so an appeal could be impossible.

Earlier, Vanhecke said that the Ukrainian largest oil producing company Ukrnafta paid over six million hryvnia in taxes and owed 1.7 billion hryvnias to the government, not six million hryvnia voiced by Naftogaz head Andrey Kobolev.

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