The High Anti-Corruption Court (HACC) has refused the former owners of the Ukrnaftoburinnya private joint-stock company to cancel the seizure of the company's property and transfer the property rights to the National Agency of Ukraine for finding, tracing and management of assets derived from corruption and other crimes (Asset Recovery and Management Agency – ARMA).
This is stated in the message of ARMA, the Ukrainian News agency reports.
"Today, the HACC considered the request of the owners of the Sakhalin deposit to cancel the seizure of property and transfer property rights to ARMA. The HACC closed the proceedings on the request to cancel the seizure of the Sakhalin deposit! The applicant did not prove the circumstances regarding the jurisdiction of the HACC to consider this request," the message says.
As the Ukrainian News agency earlier reported, the court allowed the Ukrnaftoburinnya private joint-stock company to resume production at the Sakhalin field.
On December 1, 2023, Ukrnaftoburinnya stopped the production of natural gas and gas condensate at the Sakhalin oil and gas condensate field on December 1, 2023, due to the annulment of a special permit for the use of subsoil.
At the same time, the production of the Ukrnaftoburinnya company amounted to 1.4 million cubic meters of gas per day until the forced stoppage of work on December 1, 2023 by court decision.
In May 2023, the Cabinet of Ministers transferred the corporate rights of Ukrnaftoburinnya to the management of Ukrnafta, the largest oil production company.
In April, the Pecherskyi District Court of Kyiv transferred the corporate rights of Ukrnaftoburinnya, which were seized as part of criminal proceedings, to the National Agency of Ukraine for finding, tracing and management of assets derived from corruption and other crimes (Asset Recovery and Management Agency – ARMA)
Ukrnaftoburinnya carries out industrial development of the Sakhalin gas field and gas condensate.
In 2022, the company's gas production amounted to 415 million cubic meters (2.2% of total gas production in Ukraine).
Previously, Ukrnaftoburinnya was affiliated with businessmen Vitalii Khomutynnyk and Ihor Kolomoiskyi.
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