17 Aug 2010 18:47

Naftogaz Ukrainy ups capex 35% in Jan-July

KYIV. Aug 17 (Interfax) - Ukraine's national oil and gas company Naftogaz Ukrainy made capital investments of 2.375 billion hryvna in January-June, which was 35.3% more year-on-year, according to materials from the country's Fuel and Energy Ministry.

Naftogaz Ukrainy reduced its payments into the state and local budgets by 36.5% (by 8.819 billion hryvna) year-on-year to 15.325 billion hryvna.

The level of settlement with budgets was 103.8% at the end of the seven months (it was 103.6% on year earlier).

The company's accounts payable in corporate management stood at 86.020 billion hryvna on July 1, exceeding accounts receivable by 15.343 billion hryvna.

Naftogaz Ukrainy unites the largest of the country's oil and gas enterprises. It holds a monopoly over the transit and underground storage of natural gas and over the transportation of oil via pipeline across Ukrainian territory.

The official exchange rate for August 17: 7.8909 hryvna/$1.