Ukrnafta to auction 110,500 tonnes of oil on March 17

18:26, 11.03.2016 1 min read

PJSC Ukrnafta will put up 110,500 tonnes of oil for sale at auction No. 208 to be held on the Ukrainian Interbank Currency Exchange on March 17.

According to the Uriadovy Kurier newspaper, the starting value of the proposed resource is UAH 8,386 per tonne (including VAT).

In addition, Ukrnafta plans to auction 1,890 tonnes of condensate at a starting price of UAH 9,340 per tonne (including VAT) on March 17.

As reported, the sale of Ukrainian oil and gas condensate through exchange auctions is mandatory if a controlling stake in the miner belongs to the state and it works on the terms of joint activities with the state.