Business news from Ukraine

Business news from Ukraine

“Ukrnafta” Plans to Insure Subsurface User Liability for 527,000 UAH

30 September , 2026  

On September 24, PJSC “Ukrnafta” (Kyiv) announced its intention to enter into an insurance contract with Guardian Insurance Company to cover the liability of holders of special permits for the use of oil and gas-bearing subsoil resources during the development of such resources, in cases provided for by the Law “On Oil and Gas.”

According to the Prozorro electronic public procurement system, the company’s bid amounted to 527,000 UAH, compared to the expected cost of 952,000 UAH for the services.

Insurance Company “Ultra Alliance” also participated in the tender with a bid of 850,000 UAH.

As previously reported, Guardian Insurance Company was the winner of a similar tender a year ago.

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