PJSC Ukrnafta has filed a motion to withdraw an administrative claim on recognition the decision of the Auction Committee on February 5, 2015 (the copy is attached) as unlawful and on canceling of it. The Chairman of the Board Mark Rollins has given the corresponding order to Legal Department of PJSC Ukrnafta. «Taking into account the priorities of the company I declare, in particular, the resolution of the financial problems of PJSC Ukrnafta and the elimination of negative tendencies in relations with public authorities, it is essential to turn the page of tension and uncertainty over the economic activity of the company», — he explained.

In addition, one of the first administrative decisions of Mark Rollins as the Chairman of the Board was to encharge Legal Department to dismiss an appeal of adjudications, case №826/1933/15. PJSC Ukrnafta refuses to contest the decree of the Government №570 dated 10.16.2014 «On the organization and conduct of auctions for sale of crude oil, gas condensate production  and of liquefied gas», as well as joint orders of Ministry of Energy and Coal Industry of Ukraine and Ministry of Economic Development and Trade of Ukraine №39/27 dated 22.01.2015 and 149/99 «On approval of the Committee of the auction for the sale of crude oil, gas condensate of its own production and of liquefied gas».

«A constructive dialogue with regulators is a much more effective way to development of PJSC Ukrnafta than litigation», — summarized Mark Rollins.

Press-service PJSC Ukrnafta