41829560 Government of Ukraine to sell a quarter of Naftogaz
The Government of Ukraine intends to sell about 25 percent of Naftogaz, to get into the budget an additional five to six billion dollars. About it as transmits portal URA-Inform ", said Minister of Energy and Coal Industry of Ukraine, Yuriy Boiko. At the end of March 2011 about the possible sale of the shares of Naftogaz, said President of Ukraine Viktor Yanukovych. However, he did not specify exactly how the securities will be sold and how it will be privatized. Now, Naftogaz is fully state-owned enterprise. This company is considered the largest in Ukraine, it is not only engaged in projects for oil and gas, but also controls the main pipelines in the country. Due to the fact that the Ukrainian government restrains the growth of gas prices on the domestic market, "Naftogaz" is a loss-making enterprise. In 2010, his loss amounted to 21.4 billion hryvnia (2.7 billion dollars). One of the main items of expenditure "Naftogaz" is the purchase of gas in Russia. Gazprom officials in the late 2000's have repeatedly stated that they wanted to gain access to the transportation system of Ukraine, but the local government refused to sell it. In this case, since April 2010, the parties are negotiating a joint venture between Gazprom and Naftogaz.
