REUTERS
The company opted for liquidating the representative office due to inexpediency.
National Joint-Stock Company Naftogaz of Ukraine will shut down its representative office in Hungary.
"The decision to liquidate (close) the representative office was made due to the inexpediency of its continued existence. Functions performed by the representative office were the following: representing the interests of Naftogaz in Hungary, Slovakia and Poland," as reported in the information disclosure system of the National Securities and Stock Market Commission.
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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.