Mark Rollins, the Chairman of the Executive Board of PJSC Ukrnafta, participates in the Ukrainian Energy Forum, taking part in Kyiv. During his speech, he tells about how to turn Ukrnafta in modern oil and gas company, attractive for international investors.

“Last year, we were able to reduce the oil production decline rates with investments at the level of USD 20 million. The company’s plan - to double oil production by 3 million tons – is possible to be realized even on existing fields, but it is necessary to invest not less than USD 100 million for that purpose annually. It is essential for Ukrnafta to resolve “historical” issues – the tax debt and receivables, to restructure and improve operational efficiency,” – Mark Rollins stresses.

The issue of timely extension of 9 licenses, which expire this year, is rather critical at the presence.