Weekly news digest May 05-11 of 2014


Today’s issue of the digest is dedicated to the financial results of state companies last year and personnel appointments there. The layout of oil and gas industry keeps changing against the background of political developments in the country, meaning the changes in participants in PSAs that were signed by the government during the times of Nicolay Azarov. The history of the country shows that each change of
government and power leads to rather serious chop and changes in all the spheres of economy.



Ukrainian companies
The profit of Ukrgazdobicha has decreased up to 150 million UAH
The deficit of Naftogaz is estimated at 62 billion UAH in 2014
Ukrnafta reduced its net profit by 7.5 times in 2013
Cub Energy successfully drilled the second well in
Russko-Momarovskoe field in Transcarpathian
Politics and world
The Cabinet of Ministers assigned the President of Q-club and the auditor as the Deputy Heads of Naftogaz
The government has fired Roman Storozhev from the position of the Head of State Geological Service
Ivano-Frankivsk regional council is asking to exclude Nadra Olesskaya from the PSA in Olesskaya field
Ukraine has started the export of its oil