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UkrNafta may go out of business if govt keeps withholding oil, gas licenses
Journal Staff Report

KIEV, July 12 - Ukraines largest oil producer UkrNafta may go belly up in two to three years if the government continues to put pressure on the company over back taxes, UkrNafta Chairman Mark Rollins said.

Nine oil production licenses from UkrNafta were pulled by the state geological committee over the past month and may eliminate another 27 licenses next year, citing UkrNaftas unpaid tax debts.




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