Ukraine’s largest natural gas producer UkrGazVydobuvannya (UGV) plans to boost investments 41% this year in prospecting and production of hydrocarbons, seeking to reverse the country’s recent output decline, the company reported Wednesday.

UGV plans to invest 3.1 billion hryvnias ($614 million) in prospecting and production in 2007, up from 2.2 billion hryvnias invested in 2006, the company said.

Exports Of Ferrous Scrap Metals Up By 37.4%

In December, exports of ferrous scrap metals rose by 37.4% or 11,050 tons compared to November, to 40,590 tons.

This was disclosed in a statement of the State Statistics Committee, a text of which Ukrainian News obtained.

In December, earnings from export of ferrous scrap metals rose by 39.4% or USD 3.47 million to USD 12.28 million.

Compared to December 2006, exports of ferrous scrap metals fell by 24.2% or 12,960 tons in December 2007.

In January-December, exports of ferrous scrap metals fell by 8% or 59,100 tons compared to the relevant period of the previous year to 675,760 tons for USD 194.17 million.

As Ukrainian News earlier reported, in November, exports of ferrous scrap metals rose by 56.3% or 10,640 tons compared to October, to 29,540 tons.

In 2006, exports of ferrous scrap metals fell by 41.7% or 525,910 tons compared to 2005, to 734,860 tons for USD 168.69 million.

Tuesday, January 29, 2008
Scrap
Источник: Ukrainian Journal