Business news from Ukraine

Business news from Ukraine

After rebranding, Ukrnafta filling station network now has 662 stations, competing with OKKO

18 September , 2025  

Ukrnafta JSC continues its rebranding program for filling stations acquired from Shell, adding eight more complexes in the Kyiv region to its UKRNAFTA brand.

“The renewal of the UKRNAFTA gas station network continues — we are expanding our presence in the Kyiv region. From now on, eight more rebranded complexes are ready to welcome customers,” the company announced on Facebook.

According to the company, this includes the renovated gas stations on Stolichnoe Highway in the direction of Obukhiv, on the Kyiv-Chop highway within Korostyshiv, and on the Kyiv-Kharkiv highway near Boryspil and within Berezan.

In addition, gas stations in the city of Uzyn in the Bila Tserkva district, in the city of Skvyra in the direction of Zhytomyr, and in the center of the city of Pereyaslav have been rebranded.

“Stop by. Refuel. Relax,” Ukrnafta emphasized.

As reported in August this year, citing former Ukrnafta commercial director Serhiy Fedorenko, Ukrnafta acquired 131 gas stations from Shell, 118 of which are operational, while the rest are located near the front line or in temporarily occupied territories. After closing the deal, the company planned to consolidate its position as the largest network in Ukraine, with the number of its gas stations set to increase by 22% to 663. Its closest competitor, OKKO, has 410 gas stations.

Under the agreement with Shell, Ukrnafta must complete the rebranding of its gas stations, the cost of which is insignificant on a network scale, by the end of February 2026. In turn, the cost of rebranding, which includes the renovation and standardization of gas stations and will take several years, will be significant but justified.

Ukrnafta is Ukraine’s largest oil producer and operates the national gas station network. In March 2024, it took over the management of Glusco’s assets and currently operates a total of 662 gas stations.

The company holds 92 special permits for industrial development of deposits. It 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 company’s corporate rights, which belonged to private owners, to the state, and they are currently managed by the Ministry of Defense.

Ukrnafta’s net profit for 2024 was UAH 16.38 billion.

, , , ,