Ukrnafta will auction 123,000 tonnes of oil at UICE on Oct 21

17:17, 15.10.2015 1 min read

PJSC Ukrnafta on October 21 will auction 123,030 tonnes of oil on the Ukrainian Interbank Currency Exchange (UICE, Kyiv).

According to the bulletin of bidding posted on the website of the stock exchange, the starting price of oil will be UAH 8,865 per tonne (including VAT), which is 1% more than at the previous auction.

Four more sellers will auction 19,100 tonnes of oil at the same starting price on October 21.

In addition, Ukrnafta will auction 4,300 tonnes of gas condensate at the starting price of UAH 9,632 per tonne (including VAT).

Naftogaz Ukrainy owns a 50% plus one share stake in Ukrnafta, a group of companies related to the shareholders of PrivatBank about 42% of the shares.