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WEEKLY NEWS DIGEST 10-16.08.2015

 
The last week there appeared a number of news from the largest stateowned gas producing company Ukrgasvydobuvannya. For example, it has launched gas treatment facility in Kharkiv region. At the same time, the information on catastrophic financial situation in Ukrgasvydobuvannya came out. The tax debt of the company exceeds 2 billion UAH and keeps growing fast. In the nearest month we will see what is the destiny of the company.
 
CONTENTS
 
OIL AND GAS FIELD WEEKLY REVIEW
UKRAINIAN COMPANIES
Ukrnafta increased tax debts up to 9.6 billion UAH - SFS
Naftogazvydobuvannya may suspend production due to the blocking the company’s operation
Sergey Fedorenko was appointed the Business Manager of Ukrgazdobycha
Ukrgasvydobuvannya launched gas treatment plant at Kuzmychivskoe field
Ukrgasvydobuvannya underpaid 2 billion UAH of royalty payments in the second quarter – a source
INTERNATIONAL COMPANIES
10% of shares of KazMunaiGas were sold for 3.99 billion USD
LUKOIL got the right to develop the East Taimyr subsoil site
INFRASTRUCTURE
Ukrtransgaz spent 119 million UAH for 3 months to prepare GTS for winter
Ministry of Energy and Coal Industry of Ukraine may return Gavrilov to the position of the Director General of Ukrtransnaftoprodukt on August 11
POLITICS AND WORLD
The illegal coal production on an industrial scale was exposed
US imposed sanctions against one of the largest oil and gas fields owned by Gazprom
The World Bank predicts decline in oil price by $10 due to Iran return to the market
Demchyshyn commented on the creation of VIOC, Didenko’s activity and Ukrgazdobycha’s debts
The World Bank may provide Ukraine with 500 million USD to purchase gas - Energy Minister
OPEC production peaked over three years
The government proposes to set royalty for producers at the level of 26.7% - a bill
Iran will offer foreign investors 45 oil and gas projects