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 […]
Naftogaz struggles to find advisor for selling Egypt assets
Naftogaz repeatedly fails to find advisor to assess appropriateness of selling Egypt assets. National joint-stock company Naftogaz Ukrainy has annulled the second tender to provide investment banking services related to Naftogaz upstream assets in Egypt and search for potential buyers, as less than two bids were submitted. According to a report in the ProZorro e-procurement […]
Ukrainian Naftogaz considers selling Egyptian assets
National joint-stock company Naftogaz Ukrainy intends to attract an investment and banking advisor who will assess how much the company can receive from sale of its assets in Egypt, Naftogaz Commercial Director Yuriy Vitrenko has said. “He will assess real offers and how much [buyers] are ready to give for this project. We will compare […]