Naftogaz’ Egypt operations see profits this year for first time since 2007
Ukraine’s Naftogaz reported that its oil and gas operations have seen a profit for the first time since 2007. “This year we’ve received a net cash surplus of USD 5 million. Prior to that, our losses were estimated at USD 20-30 million every year,” Naftogaz Chief Commercial Officer Yuriy Vitrenko, according to UNIAN. The announcement […]
France’s Lazard to advise Ukraine’s Naftogaz on sale of its assets in Egypt
National joint-stock company Naftogaz Ukrainy will hire Lazard Freres SAS (France) that advised the restructuring of Ukraine’s state debt to help in the possible sale of Naftogaz’s assets in Egypt. Naftogaz said in an announcement in the ProZorro e-procurement system that the cost of Lazard services is $1.25 million, which is $200,000 less than the […]