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Ukraine investigates UkrNafta for selling oil at below market price
Journal Staff Report

KIEV, March 30 ??“ Ukraine will investigate why its largest oil company UkrNafta has suddenly started to sell crude oil at 33% discount thus lowering payments to the state budget, officials said Wednesday.

UkrNafta, which was selling its crude at 2,100 hryvnias ($415) per metric ton in October 2005, had resorted to selling the crude at 1,400 hyrvnias in January, Finance Minister Viktor Pynzenyk.




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