By KYIV. Dec 29 (Interfax-Ukraine) – Ukrnafta after 100% concentration of its shares by the state plans to shift its financial operations to state-owned banks and attract bank loans for development and investment projects, new company director Serhiy Koretsky said.
"Of course, there is a certain historical legacy that banks are not happy with, but the process is underway, we are going through compliance procedures," he said in an interview with Interfax-Ukraine.
Koretsky stated that the amount of liquidity in the company at the time of his arrival was equal to the volume of one monthly salary or even less, while the company needs to buy electricity, material and technical resources and make other expenses.
The director emphasized that the company fully fulfills all obligations for the shipment of products that it sells at auctions on stock exchanges and under direct contracts.
"We offer comprehensive solutions to all customers who wish to purchase hydrocarbons (and we have a full range of them, from natural gas to petroleum products) – they can safely come to the auction and receive a quality resource on market conditions. Ukrnafta will be open and guarantee timely shipments of paid volumes," said the head of the company.
Asked about possible litigation with the former shareholders, Koretsky suggested that the company could be a co-defendant.
"In the event of a lawsuit between the state and the former shareholders of Ukrnafta, it will act in accordance with the current legislation: it will provide the necessary data, explanations, etc. If we talk about asset valuation, then this is the responsibility of the Defense Ministry of Ukraine," he explained.
