UNAF Failed Auction
OREANDA-NEWS. January 22, 2010. The tender sale of Ukrainian crude oil at market prices failed to proceed yesterday. The principal participants refused to take part because of the announced condition that the purchased 167.34 thousand tones UNAF oil (with the Company extracting 87% of Ukrainian crude, Privat Group owns about 42% of its share capital and controls the operational activity of this Company) was supposed to be transported from the facilities of Ukrtatnafta (this company is also controlled by Privat Group). Moreover, the
On the background of decreasing gas and oil extraction in
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