Naftogaz wants to increase oil production

The Head of the Board of NJSC Yurii Vitrenko says Naftogaz, which owns a controlling stake in the country's largest oil company, Ukrnafta, intends to use the capabilities of the national company to increase oil production, Interfax-Ukraine reports.

"We want to significantly increase oil production as well," he said at the VI Kyiv conference of Newfolk OCC "Drilling. Intensification. Ecology and labour protection" on Tuesday.

The work on the transformation of Ukrnafta continues, he said.

“We want to use the capabilities of the national company to use the oil potential or oil production potential in Ukraine more efficiently,” Vitrenko emphasized.

NJSC Naftogaz of Ukraine owns 50% + 1 share in Ukrnafta, a group of companies associated with Ihor Kolomoyskyi and other former shareholders of PrivatBank – about 42% of shares.

To recap, Naftogaz has applied for participation in the certification of Nord Stream 2.

Tags: Naftogaz, Ukrnafta, oil production, drilling, Oil refinery plant, Vitrenko, Kremenchuk refinery, petroleum products, field, oil pipeline, oil market

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