OREANDA-NEWS. August 23, 2011. The Prime Minister Mykola Azarov emphasized that the task of OJSC "Ukrnafta" - to immediately stabilize the situation and go on the trajectory of development and increase oil extraction. About it the Head of Government said during a meeting with Chairman of the Board "Ukrnafta" Peter Vanhecke and the Minister of Energy and Coal Industry Yuriy Boyko.

"We do not accept any plans "decrease reduction" oil extraction. We have to go out at stabilizing. Within the next two-three years "Ukrnafta" is necessary to refer all free resources on development", - Mykola Azarov considers.

As he said, "Ukrnafta" it is necessary to develop a series of measures for result achievement on oil extraction augmentation. "Both the Government and the Minister of Energy and Coal Industry will actively promote the domestic company in this", - Mykola Azarov assured.

From its part the Prime Minister has expressed readiness to hold meeting with participation of management of OJSC "Ukrnafta", representatives of organs executive and local authorities on reducing of bureaucratic procedures on reception of licences and permissions and coordination on drilling carrying out. "We will establish rigid terms, and we will supervise", - the Head of the Government noted.

Mykola Azarov also has underlined expediency of an intrusion of the newest progressive technologies on oil extraction augmentation, in particular such, as horizontal drilling and a fluid fracturing: "We need to implement widely it". Thus he has promised support on participation of the company in projects on development of shaly gas and mine methane, having charged to the Minister of Energy and Coal Industry within two weeks to prepare corresponding projects.

Besides, Mykola Azarov has maintained idea of the Chairman of the Board of OJSC "Ukrnafta" on an exit on IPO at the London Stock Exchange. "I consider that it is the major and real investment resource - company placing on IPO", - the Head of the Government has emphasized, having noticed that however this point in question is necessary for learning well.