REUTERS
The company's supervisory board has not yet approved the investment plan.
Chief Commercial Officer of NJSC Naftogaz of Ukraine Yuriy Vitrenko says the company plans to invest UAH 34.5 billion (US$1.2 billion) in boosting natural gas production in 2019.
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"We plan to inject UAH 34.5 billion into an increase in gas production and UAH 7.3 billion [$259 million] in the GTS [the gas transmission system]. The investment in 2019 will total UAH 43.5 billion [$1.5 billion]," he told a briefing on October 22.
The official added that the company's supervisory board had not yet approved the investment plan.
As UNIAN reported earlier, Naftogaz in 2017 increased its net profit by 48% against 2016, to UAH 39.4 billion ($1.4 billion).
UNIAN memo. NJSC Naftogaz of Ukraine is the largest state-run vertically integrated oil and gas holding whose subsidiaries account for about 90% of oil and gas production in Ukraine. Naftogaz develops oil and gas fields, produces crude oil and natural gas. Its core business is also transportation and trade in fuel through its own network of filling stations.