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Ukraine Won’t Merge Naftogaz With Gazprom, President Says

Ukraine isn’t considering a merger of NAK Naftogaz Ukrainy, its national energy company, with OAO Gazprom, the Russian gas export monopoly, President Viktor Yanukovych said.

“A merger as such is not planned and is not going to happen,” Yanukovych told reporters today in Kiev. Ukraine wants to work with Gazprom on joint projects such as gas extraction and pipeline modernization, he said.