Cabinet checks Ukrnafta strength

Written by admin on September 9th, 2009

The government decided to violent methods to force the group Privat dividends Ukrnafta - the largest trader in Ukraine. Yesterday, on behalf of the Cabinet Gosgorpromnadzor started checking all parts of the company. Similar checks are Supreme Arbitrage and State Tax Administration. Experts predict that the dispute between the parties to proceed in the legal plane - the group Privat great experience of such a ban checks and cancel their results.

Ukrnafta owns the largest network of gas stations in the country (563 refueling), accounting for 11% of retail sales of fuel. He mines 4.2 million tons of oil and 3.35 billion cubic meters of gas per year. 50% 1 share owned by the company NAK Naftogaz Ukrainy, 42% - group Privat, about 8% - UkrSibbank shareholders and stock brokers.

State Committee for Industrial Safety, Labor Protection and Mining Supervision (Gosgorpromnadzor) 7 September started checking all parts of the company Ukrnafta, said yesterday in a press-service of management committee in the Poltava region. Prior to Sept. 25 will be held in check Borislavnaftogaze, Dolinanaftogaze, Nadvirnanaftogaze, Ahtyrkanaftogaze, Poltavanaftogaze and Chernigovnaftogaze. The press-service department clarified that carry instructions of the Cabinet, and stressed that there is still such a large-scale test Ukrnafta were not conducted. About two weeks ago, like checking the company has tried to Supreme Arbitrage, said yesterday the head of administration Nikolai Sivulsky.

Checks

Ukrnafta and State Tax Administration, said Deputy Chief Minister Natalia Ruban.

In

Ukrnafta reacted calmly to this. We have become accustomed to regular inspections. Another agency, which we will verify that we do not bother - assured the Director of Legal Department Ukrnafta Vyacheslav Kartashov. The purpose of inspections - to force the group Privat to compromise with the state to hold a meeting of shareholders and distribute received in the last two years of profits, according to a Kommersant source close to the company. In 2008, the company's net profit amounted to UAH 1.43 billion, a loss in the I half of this year - 305.7 million UAH.

NAK Naftogaz Ukraine for over a year unsuccessfully seeking dividends Ukrnafta for 2006-2008. Retained profit of the company during this period is more than 5 billion UAH. Thus, Naftogaz, which is experiencing now, the current shortage of funds, may receive up to 2.5 billion UAH. The last time shareholders were appointed on 14 August, but it was not held due to lack of quorum. The agreement between the shareholders, which would allow to say that the situation will change for the better, there is still no, - said spokesman Valentin Zemlyansky NAC.
Director of the network stations Donetskoylservis Viktor Martirosyan predicts that Gosgorpromnadzor able to identify violations at facilities Ukrnafta.

NefteRynok regulated by more than 22 specific instructions that are painted in detail the rules of operation of oil facilities and safety. Many of these instructions have become obsolete, and Gosgorpromnadzore use it. Typically, checking the oil facilities, representatives of the body without major penalties do not go - he says.

However, according to a committee member of the Verkhovna Rada on thermal power station by Sergei Tulub, the owner Ukrnafta - group Privat - the test results, most likely, not affect. The group has experience in conducting such audits of the ban and the abolition of the results in court, - he said. Nicholas Sivulsky said that representatives of Ukrnafta week ago, did not let the inspectors in the Supreme Arbitrage of its Kyiv office: We have raised this issue at the Cabinet meeting, and Ukrnafta promised to give the opportunity to test, but so far the situation has not changed. According to him, if the company did not fulfill the promise Supreme Arbitrage turn to law enforcement.

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