KYIV, Feb 18 – Naftogaz plans to invest $7.3 billion in hydrocarbon production in 2021-2025, boosting reserves by 1.8 times, Chief Operating Officer of the Naftogaz Group Otto Waterlander said.

"In the next five years, our business plan provides that we will invest $7.3 billion in upstream and production, and in the next five years [2026-2030] we will double this amount [to $14.1 billion]," he said at the presentation of the business strategy of the Naftogaz group until 2025 in Kyiv on Thursday, adding that it will be $0.9 billion in 2021, $1.5 billion in 2022, $1.3 billion in 2023, $1.6 billion in 2024, $1.9 billion in 2025, $2.3 billion in 2026, $3.1 billion in 2027, $3.1 billion in 2028, $2.9 billion in 2029, and $2.7 billion in 2030.