The Cabinet instructed the Ministry of Finance to restructure debt Naftogaz External Borrowing

Cabinet instructed the Ministry of Finance of Ukraine to take measures to restructure the debt NAK Naftogaz of Ukraine on external borrowing, as well as to reduce the cost of their care at the expense of refinancing.
This was stated in the ordinance CMU (№ 764 from July 22 TG), which amends the finplan NACA and its subsidiaries for the current year.

According to the document, the government also instructed the Ministry of Fuel and Energy to dividends received from JSC Укргаз-energy and OJSC Ukrnafta on the basis of financial and economic activity for the years 2006-2008, to repay accounts payable Naftogaz.

In addition, the Cabinet authorized the NAKu independently negotiate credit contracts its subsidiaries in an amount not to exceed 170 mln. providing for appropriate safeguards.

These documents are also adjusted rates finplanov NAK Naftogaz of Ukraine and its subsidiaries' Ukrgazvydobuvannya and Ukrtrangaz on articles related to the injection of gas into underground storage facilities, implementation of capital investment, as well as the implementation of investment projects abroad.
According to the Accounting Chamber of Ukraine, as of May TG debt NAK Naftogaz Ukraine in excess of 35 bln.

Help. NAK Naftogaz of Ukraine - the largest vertically integrated national oil and gas company of Ukraine, enterprises which produce more than 97% of the gas and oil in the country.

NAC is developing deposits, oil and gas, transportation, and sales of petroleum products through its own network of filling stations.

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