KIEV, Jan. 21 – Privat Group could sell around 42% of the shares in UkrNafta, the state oil extracting company in Ukraine, if the state does not conduct a balanced policy in the oil and gas sector, one of the largest co-owners of Dnipropetrovsk-based PrivatBank, Hennadiy Boholiubov, has said.

"The state should sell us its share or buy our stake... I hope that the state policy in the oil and gas sector will be balanced. Then, we'll be ready to cooperate with the state, but if we don’t manage to agree with the state, we could consider the sale of shares in UkrNafta," he said in an interview with the Focus weekly newspaper.