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.

The report says that according to the operation audit for seven months 2009, the holding's earnings from sales of products were estimated at UAH 60.3 billion.