Advertising

State Property Fund: Privatization of Naftogaz is impossible

Author: Interfax-Ukraine All articles by this author

More about Interfax-Ukraine


Oct. 03, 2012 14:26
215 159
Ukrainian State Property Fund director rejects there were any talks about the privatization of Naftogaz.
Photo by www.naftogaz.com

Ukrainian State Property Fund Director Oleksandr Riabchenko has ruled out the possibility of privatization of Naftogaz of Ukraine.

"There were no talks about the privatization of Naftogaz. Structures like Naftogaz are not privatized in accordance with the regular procedures. They can be turned into joint-stock societies which can place a small portion of their shares on exchanges. However, it's a totally different thing. I don't think privatization in which a package of shares is sold at auction is possible," Riabchenko told reporters in Kyiv on Wednesday.

Riabchenko said the government has approved the bill amending the list of objects of the state property right not subject to privatization, but the document has not been submitted to the parliament yet.

Naftogaz of Ukraine comprises Ukraine's largest oil and gas extraction enterprises and holds a monopoly on the transit and storage of natural gas in underground storage facilities and the transportation of oil by pipeline transport on the territory of Ukraine.

Tags:


215 159

The Kyiv Post is hosting comments to foster lively public debate through the Disqus system. Criticism is fine, but stick to the issues. Comments that include profanity or personal attacks will be removed from the site. The Kyiv Post will ban flagrant violators. If you think that a comment or commentator should be banned, please flag the offending material.

comments powered by Disqus

Read more in {{sectionName}} section

All in {{sectionName}} section

SUBSCRIBE TO KYIV POST NEWSLETTERS