Business news from Ukraine

OIL AND GAS UKRAINIAN MONOPOLY NAFTOGAZ WILL OPEN OFFICE IN GERMANY

6 March , 2018  

Naftogaz Ukrainy will open an office in Germany, which will also represent the interests of the company in Austria and Switzerland.
According to a company report in the information disclosure system of the National Securities and Stock Market Commission, the decision to open a representative office in Munich has been agreed by the company supervisory board.
Earlier, the supervisory board of Naftogaz instructed the board to take all necessary measures to liquidate the Russian office of the company in Moscow by March 12, 2018.
Naftogaz Ukrainy unites the largest oil and gas producing enterprises of the country. The holding is a monopolist in transit and storage of natural gas in underground storage facilities, as well as oil transportation via pipelines throughout the country.