Business news from Ukraine

Business news from Ukraine

Ukrnafta allocated UAH 17.8 mln to support mobilized employees

3 June , 2025  

PJSC Ukrnafta continues to support its mobilized colleagues and has already allocated over UAH 17.8 million this year to help employees who have joined the Armed Forces of Ukraine and their teams.

“These funds were used to purchase necessary equipment and supplies: vehicles, tires, drones, electronic warfare systems, communication devices, charging stations, generators, personal protective equipment, and various types of components,” the company said on Facebook on Monday.

Currently, more than 1,000 Ukrnafta employees are serving in the Armed Forces of Ukraine.

“Ukrnafta systematically supports its people by providing them with everything they need for their service. In addition, the company cares for the families of military personnel and implements a program to help veterans adapt after their return,” the company said.

As reported by the company in May, Ukrnafta, together with the Come Back Alive Foundation, donated weapons and equipment worth UAH 1.235 billion to the front line: FPV drones, aviation complexes, quadcopters, mortars, grenade launchers, machine guns, pickups, off-road vehicles, mobile workshops, electronic warfare and electronic countermeasure equipment, body armor, night vision devices, generators, and Starlinks.

Ukrnafta’s net profit for 2024 amounted to UAH 16.38 billion.

Ukrnafta is Ukraine’s largest oil producer and operator of the national network of gas stations. In March 2024, the company took over the management of Glusco’s assets and now operates a total of 544 gas stations, 461 of which are owned by the company and 83 are under management. It holds 92 special permits for industrial development of deposits. The company has 1,832 oil and 154 gas production wells on its balance sheet.

The largest shareholder of Ukrnafta is Naftogaz of Ukraine with a 50%+1 share. In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer the corporate rights of the company, which were previously owned by private owners, to the state and are currently managed by the Ministry of Defense.