and fuel repositories that belonged to "Ukrnaftoprodukt". The whole petroleum products retail network had to be created by Naftogaz from zero. The predecessor of Naftogas is "Ukrgasprom". On 28 January 1995 after discussion with government the condition of agreements realization in provision for Ukraine gas imported from Russia and Turkmenistan, the head of "Ukrgasprom" Bohdan Kliuk was dismissed from his post on decision of the Cabinet of Ministers. Bohdan Kliuk who was appointed on 6 December 1994, on 19 December 1994 signed an agreement with "Gazprom" on distribution of gas for Ukraine under disadvantageous conditions. The issue with Kliuk provided Bakai with an argument to create Naftogas. 1998–2014 The company was founded in 1998 after previously being named Ukrgazprom. The main initiators who created the company were Ihor Didenko and Ihor Bakai (better known as Igor Bakai). The last one was the first deputy chairman of the Ukrainian State Committee on Oil and Gas. Before Naftogaz, both Bakai and Didenko worked for other gas trading companies "Republic Corporation" and "Intergas". At the end of 1990s, Ukraine was consuming a record of 75 billion m3 per year which was the fourth indicator in the world and seemed strange to say the least considering that the country was not part of the top 20 in GDP volume. Eighteen billion m3 were mined inside Ukraine by Naftogas along with some joint enterprises such as "Poltavska Naftogasova Kompania", Plast, Ukrnaftogastekhnologia and others. All the gas that was mined by Naftogas and received through transit in obligatory order was being sold to population and state organizations. The remaining volume of natural gas, Ukraine was receiving from Russia as part of payment for transit or was buying from Turkmenistan. That gas was sold to industrial enterprises or was being re-exported. Also, instead of investing more funds in geological exploration for the Ukrgasprom, its money was used to patch budget and foreign debts holes, which led to decrease in mining of hydrocarbons and decline of industry. Most of oil refineries were sold out to Russian companies. The only refinery that belongs to Naftogas is Shebelynsky Gas Refinery which Naftogas controls through Ukrgasvydobuvannia. Ukraine never had enough mined oil resources capable to provide for oil refining capacity that Ukraine inherited from the Soviet Union. Most successful in oil mining is Ukrnafta, however recently Chornomornaftogas had more and more plans to develop newly found deposits. Before 2001 Ukraine had