KIEV, Oct. 31 - Ukrainian state oil and gas company Naftogaz Ukrayiny will increase its charter capital at government by UAH 4 billion (around $501.44 million at the current exchange rate of UAH 7.977/$1) to UAH 49.841 billion from UAH 45.841 billion.

"Naftogaz Ukrayiny charter capital will be raised by UAH 4 billion through an additional share issue at current par value with the government maintaining their 100% stake," reads a Cabinet of Ministers resolution (No. 1088) dated October 24, 2011, published on the government's Web site Monday.