Position of the Ukrainian Oil & Gas Association Regarding Rumouring on Land Problems of Glusco Energy SA.

Friday, 2 Feb 2018

Position of the Ukrainian Oil & Gas Association Regarding Rumouring on Land Problems of Glusco Energy SA.

Position of the Ukrainian Oil & Gas Association Regarding Rumouring on Land Problems of Glusco Energy SA.

The Ukrainian Oil & Gas Association is worried about the situation with destruction of the gas station construction site located at Dovzhenko Street, which belongs to Glusco network, and rumouring in the Internet about the illegitimacy of acquisition of the site by the Swiss Glusco Energy SA.

The Ukrainian Oil & Gas Association believes that distribution of such rumours about Glusco deludes the public opinion and damages the business reputation of the company. The right to accuse belongs only to competent authorities and only based on results of inspections of business activities of entities. And any dialogue based on the brutal force should not be acceptable in a civilized democratic society.

The national fuel company Glusco is a current member of the Ukrainian Oil & Gas Association, it has signed and complies with the Code of Ethics of Ukrainian Oil & Gas Association, and it is a member of the European Business Association (EBA). The company has proved to be a law-abiding and faithful supplier of petroleum products and services that complies with principles of transparent and legal business conduct.

According to information provided by Glusco, the company has all necessary documents to construct a building of the gas station site.

The Ukrainian Oil & Gas Association supports the Glusco initiative: in order to find the truth, we will prepare a set of official requests to local authorities and law forces asking to clarify the existing situation.

We appeal to make decision on such a disputable issue in a legal environment and set a case in an administrative court, which could resolve a dispute according to the clear regulated legislation of Ukraine considering facts instead of considerations and emotions.

The Ukrainian Oil & Gas Association is an industrial union representing interests of the largest players of the oil and gas market. Today, the Association consists of 14 largest wholesale, retail, producing and processing companies representing national, international, private and state-owned business, including: gas station networks of WOG, ОKKО, Shell, AMIC Ukraine, Socar, KLO, Parallel, SunOil, Glusco, Gastron, Ukrgasvydobuvannya, Tsentrnaftogaspostach and wholesale suppliers as BNK-Ukraine and Alliance-Oil Ukraine. Members of the Ukrainian Oil & Gas Association cover approximately 50% of retail trade and almost 80% of the import of petroleum products.

Glusco Ukraine is a subsidiary of the Swiss Glusco Energy SA., the beneficiary of which is Nisan Moiseev, who also owns the company Proton Energy Group S.A. (Switzerland). Proton Energy Group S.A. is an international oil and petroleum products trader that works in 18 countries over the world including Ukraine. Today, the company employs 1,800 people that obtain official salaries and 100% of social benefits. The company regularly pays taxes to the Ukrainian state budget. The Glusco Group business is based on the principles of transparency and openness, and it is prepared to provide a valid information on its activities to any interested party.

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