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 American lawyers to help Naftohaz reclaim its assets in Crimea, - company's CEO Koboliev

Naftohaz Ukrainy [state-owned oil and gas company - ed.] wants to hire an American law firm to file a separate lawsuit to the International Court of Arbitration with regard to its assets in the annexed Crimea.

This was announced by Naftohaz CEO Andrii Koboliev, Censor.NET reports citing UNIAN.

"We've got a proposal that we want to introduce in the Cabinet. This is a company originating from the United States and specializing in arbitration cases," Koboliev said.

"The Ministry of Justice is keeping the track of the European Court of Human Rights, and we are considering somewhat additional alternative tactics that will enable us as a company to go to court. The Ministry of Justice took legal action on behalf of the state and its claim is more important, because it covers all the assets we never had the right to, for example, the shelf," the Naftohaz CEO added.

Read more: Ukraine will not pump more gas into storage this year, - Naftohaz head Koboliev

According to Koboliev, the Cabinet should approve a law firm Naftohaz will choose.

As previously reported, Aug. 19, 2015, the Cabinet of Ministers instructed Naftohaz Ukrainy to hire lawyers to defend their property rights in Crimea where, after Russia annexed the peninsula, it lost control of the state company Chornomornaftohaz engaged in natural gas explorations and production in the Black Sea shelf.

Read more: Ukraine could do without Russian gas in 2106, - Naftohaz CEO Koboliev

At the moment, Chornomornaftohaz possesses 17 fields, including 11 gas fields, four gas-condensate fields, and two oil fields. The total reserves to date are as follows: natural gas - 58.56 bln cubic meters, gas-condensate - 1.23 mln tons, oil - 2.53 mln tons.
 
 
 
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