KIEV, Sept. 7 - Naftogaz Ukrayiny in January-July 2009 raised loans worth UAH 7.965 billion and paid UAH 12.424 billion of credits, the state-owned company’s chief audit department reported.

"The company sent UAH 4.5 billion of its earnings to pay debts," reads a department report.

KIEV, Sept. 4 -- Moody's Investors Service has upgraded Azovstal's corporate family rating and the rating of the loan participation notes issued by Azovstal Capital to B1 from B2 and B3 respectively.

The outlook for the ratings is positive.

KIEV, Sept. 5 – The National Bank of Ukraine is demanding that banks accelerate the transition to issuance of chip payment cards for the more effective prevention of card fraud.

KIEV, Sept. 5 - Kiev-based Smart-holding plans to invest over EUR1.551 billion to build the largest deepwater port on the Black Sea on the basis of Ochakiv Port Ltd. in Mykolaiv region, director general Oleksiy Pertin said at a company meeting.

KIEV, Sept. 7 ??“ XXI Century Company, Kiev Investment Group and (KIG) and First Ukrainian Development (FUD, all based in Kiev) on Tuesday presented a project for the reconstruction of the three-kilometer-long, 18 hectare central portion of the Dnipro river front in Kiev, which is worth around UAH3 billion.

KIEV, Sept. 7 ??“ UkrNafta is planning on Sept. 11 to sell at the Ukrainian Agrarian Exchange in Kiev 208.86 million cubic meters of natural gas from reserves accumulated in January and February in underground storage facilities.

KIEV, Sept. 6 ??“ National oil and gas company Naftogaz Ukrayiny will purchase natural gas from UkrGaz-Energo for supply to heat generating enterprises during the heating season.

KIEV, Sept. 7 ??“ The temporary parliamentary investigation commission on the gas supply situation for Ukrainian consumers, gas payments and possible violations of the law has said that there are serious problems in the gas supply sphere of Ukraine.

KIEV, Sept. 7 - Russian oil company TNK-BP restarted its Ukrainian oil refinery, Linos, on Wednesday, a month after an accident had apparently shut down its key gasoline production unit.

KIEV, Sept. 7 - Libya may be dragging its feet to get better terms on a production-sharing agreement between Ukraine's Naftogaz and the Libyan National Oil Company (NOC) in September, Naftogaz CEO Oleksiy Ivchenko told a press conference in Kiev.