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Naftogaz Ukrayiny chief calls for Ukrnafta financial adjustment plan
Journal Staff Report

KIEV, May 23 – Naftogaz Ukrayiny chief Andriy Kobolev has called for the introduction of a financial readjustment plan for Ukrnafta. A key element of the plan should be the differentiation of royalty collected from the company, depending on global oil prices, he said in an interview with ZN.UA.

"Recently the Verkhovna Rada decreased royalties for gas producers. The royalty for oil producers remained unchanged. This royalty was set when oil prices were above $100. We believe this royalty is unjustifiable with current oil prices," he said.




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