Ukrnafta ups oil with gas condensate sales 7.0% yoy in 1H09

Ukrnafta (UNAF) said in a press release this morning that increased its sales of oil with gas condensate 7.0% by volume to 1.47 mln mt in 1H09. The company’s sales of liquefied gas were up 4.1% yoy to 92.2 ths mt. Andriy Gerus: We believe that increase in sales of oil was due to the selling of its oil to Ukrtatnafta in which Privat (which controls Ukrnafta) gained control over 2008. Though, we think that such sales might be at transfer prices.