Business news from Ukraine

Business news from Ukraine

Insurance Company “Guardian” Will Insure “Ukrnafta’s” Liability During Development of Oil and Gas-Bearing Subsoil

5 October , 2026  

On September 24, PJSC “Ukrnafta” (Kyiv) announced its intention to enter into a liability insurance agreement with Guardian Insurance Company covering holders of special permits for the use of oil and gas-bearing subsoil 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 purchasing the services of 952,000 UAH.

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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