Novinsky earned $5,8 million from Ukrainian oil and gas in 2014.

Vadim Novinsky

Vadim Novinsky

According to the published report of the oil and gas company Regal Petroleum plc for 2014, its net profit last year was $5,76 million. Vadim Novinsky owns a controlling stake in the oil and gas company Regal Petroleum plc.

 

The company's report also indicates that in 2014, average annual daily gas production was 152,74 thousand cubic meters; condensate - 52 cubic meters; and liquefied gas - 21 cubic meters. In 2013, the figures were slightly higher: 185,68 thousand cubic meters of gas and 42 cubic meters of condensate.

 

As a reminder, the controlling stake in Regal Petroleum, a company engaged in hydrocarbon production in Ukraine, was acquired by Vadim Novinsky through Energees Management in 2011.

 

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