Ukrainian oil and gas producer set to recover assets in occupied Crimea through int'l seizure warrants

Photo from UNIAN

"We initiated the procedure for the courts to issue seizure warrants for this property. These actions were absolutely correct. I think that the next move will be an international search, but here we will work with the Prosecutor General's Office," she said.

She also clarified that the company had been actively cooperating with the [Ukrainian] Crimean Prosecutor's Office and the Prosecutor General's Office of Ukraine.

Read alsoNaftogaz sues Russia over seizure of $5 bln worth of assets in CrimeaAs UNIAN reported earlier, in the spring of 2014, Russia illegally annexed Crimea and wrongfully seized Ukraine’s assets, including the gas production equipment owned by Chornomornaftogaz.

As a result of annexation, the company lost 2 billion cubic meters of annual natural gas production. Prior to the annexation, the company produced hydrocarbons at 18 fields, employing four jack-up rigs, 24 floats, and a gas transmission system that included more than 1,196 km of trunk gas pipelines, including 286 kilometers at sea, and other assets.

After the annexation of the Crimea, the company produces gas at a single field, supplying gas to the city of Henichesk in Kherson region.