Naftogaz

Naftogaz (full name:National Joint-Stock Company Naftogaz of Ukraine; also: Naftogaz Ukrainy, Ukrainian: НАК "Нафтогаз України", Naftohaz Ukrayiny, literally: Oilgas of Ukraine) is the national oil and gas company of Ukraine. It is the state-owned company under the Ministry of Fuel and Energy of Ukraine. The company is concerned with extraction, transportation, and refinement of natural gas and crude oil. The company is also active in Egypt and in the United Arab Emirates. The head office of the company is in Kiev.

Ukraine's system of trunk natural gas pipelines and underground natural gas depots is operated by Ukrtransgaz, a subsidiary of Naftogaz Ukrainy. Another subsidiary of Naftogaz Ukrainy, Gaz Ukrainy, is responsible for domestic gas distribution to local Ukrainian heat supply companies.

In September 2009 the Fitch Ratings of the company dropped from 'CC' to 'C'. Late 2009 the company restructured of its foreign debt via the exchange of eurobonds and obligations on bilateral loans for single investment instruments. Naftogaz transfers gas to Gazprom.