In January-June 2024, Ukrgasvydobuvannya JSC increased natural gas production (commercial) by 8.8% compared to the same period in 2023 – up to 6.913 billion cubic meters, the company’s press service said on Wednesday.
According to the company, 165.864 thousand meters were drilled during the reporting period, which is 9.117 thousand meters more than last year’s penetration rate for the first half of 2023.
“Ukrgasvydobuvannya put 41 new wells into operation, 14 of which are high flow rate wells. For example, the daily flow rate of one of the latter exceeds 400 thousand cubic meters. These are very good results that we have achieved thanks to the integrated work of the team,” said the Head of the company Serhiy Lagno.
According to him, UGV also demonstrates good gas production performance at old modernized wells due to the introduction of new technologies.
As reported, Ukrgasvydobuvannya and Ukrnafta produced 7.3 bcm of commercial gas in January-June 2024, which is 8% more than in the same period last year.
In 2022, UGV produced 12.5 billion cubic meters of natural gas (commercial), which is 3% less than in 2021. In 2023, the company produced 13.224 bcm of commercial gas, which is 0.679 bcm more than in 2022.
NJSC Naftogaz of Ukraine owns 100% of Ukrgasvydobuvannya shares.
Benchmark oil prices are falling on Tuesday morning after a moderate decline the day before.
The cost of September futures for Brent on the London ICE Futures exchange as of 8:03 a.m. is $84.59 per barrel, which is $0.26 (0.31%) lower than at the close of the previous trading. The day before, these contracts fell in price by $0.18 (0.2%) to $84.85 per barrel.
August futures for WTI in electronic trading on the New York Mercantile Exchange (NYMEX) fell by $0.31 (0.38%) to $81.60. On Monday, the contract fell by $0.3 (0.4%) to $81.91 per barrel.
A negative factor for the oil market was the weak statistics from China, which indicated a slowdown in China’s GDP growth in the second quarter to 4.7% in annual terms from 5.3% in the previous quarter.
“The growth of the Chinese economy is directly linked to global economic activity and fuel demand,” wrote StoneX analysts led by Alex Hodes.
Traders were also assessing the news of the assassination attempt on Donald Trump, which resulted in the politician being lightly wounded. According to analysts, this event increases his chances of winning the US presidential election in November.
“The Trump government has prioritized energy independence and economic growth over environmental regulation in the past,” said Nigel Green, CEO of deVere Group. – “If he becomes president again, we expect him to take the same approach, which will be positive for the energy sector and especially for fossil fuels.
Former US President Donald Trump has won enough votes at the Republican Party convention to become a candidate for the presidency in the 2024 elections, the Associated Press reports.
“Donald Trump has become the official Republican presidential nominee after receiving a sufficient number of delegate votes at the Republican National Convention,” the agency reports.
“We declare him the Republican presidential nominee,” Trump’s son Eric said at the convention.
Earlier on Monday, Trump announced that if he wins the presidential election, Ohio Senator J.D. Vance would become his vice president.
“After much deliberation (…) I have decided that the person best suited to serve as Vice President of the United States is J.D. Vance, Senator from the great state of Ohio,” Trump wrote on his social network Truth Social.
US President Joe Biden and Trump actually won the internal party elections in the Democratic and Republican parties. Their candidacies must be approved at party conventions (congresses). The Republican Party convention is taking place on July 15-18 in Milwaukee, Wisconsin. The Democratic Party convention will be held in August.
The US presidential election is scheduled for November 5, 2024.
Earlier, the Experts Club think tank presented an analytical material on the most important elections in the world in 2024, a more detailed video analysis is available here – https://youtu.be/73DB0GbJy4M?si=eGb95W02MgF6KzXU
In May 2024, state-owned PrivatBank increased its net profit by 80% compared to April and with UAH 6.5 billion topped the country’s five most profitable banks, according to the National Bank of Ukraine (NBU) on its website. According to the data, Privat is followed by state-owned Oschadbank, which earned UAH 2.3 billion in net profit in May, up 40.3% from April.
Another state-owned bank, Ukreximbank, rounded out the top three most profitable banks in May, increasing its net profit more than threefold to UAH 1.3 billion compared to April, and pushing Raiffeisen Bank to fourth place, whose net profit in May decreased by 16.3% to UAH 670.2 million compared to April.
The top five in May was rounded out by Pivdenny Bank, which quadrupled its net profit in May compared to April to UAH 632 million.
The second five were formed by Universal Bank (mono) – UAH 625.4 million, Uksibbank – UAH 594.8 million, FUIB – UAH 534.9 million, Credit Agricole Bank – UAH 506.6 million and OTP Bank – UAH 446 million.
According to the statistics, Ukrgasbank, which was the 7th largest bank in terms of net profit in April, took the 12th position in May with a net profit of UAH 370.3 million.
In addition to Ukrgasbank, four other banks made a net profit of over UAH 100 million in May 2024: City Bank – UAH 390 million, Sense Bank, which was nationalized last July, – UAH 254 million, Cominbank – UAH 137.8 million, and Kredobank – UAH 121 million.
The top three most unprofitable banks in May were led by Poltava-Bank with a net loss of UAH 28.8 million, followed by Cominvestbank with UAH 17.2 million and Industrialbank with UAH 6.5 million.
Overall, in the first 5 months of 2024, banks’ net profit increased to UAH 67.9 billion from UAH 52.1 billion in the first four months of the year.
In January-June 2024, Ukraine increased imports of nickel and products by 68.3% compared to the same period in 2023 – up to $12.954 million (in June – $1.880 million),
In 2023, Ukraine decreased imports of nickel and products by 74.2% compared to 2022, to $15.391 million.
In 2023, exports of nickel and products amounted to $532 thousand, while in 2022 they amounted to $1,268 million.
Nickel is used to make stainless steel and for nickel plating. Nickel is also used in the production of batteries, in powder metallurgy and in chemicals.
PrJSC “Pharmaceutical Firm “Darnitsa” will establish a representative office in Uzbekistan, the company reported in the information disclosure system of the National Securities and Stock Market Commission (NSSMC).
It is specified that, according to the decision of the Supervisory Board of Darnitsa adopted on July 12, the representative office will be established “in connection with the constant development”.
As reported, in 2023, Darnitsa increased its share of exports to 4%. The company exports its products to 17 countries. In particular, thanks to the confirmation of the stability of medicines in the southern climate zone and compliance in Australia, the company can expand cooperation with New Zealand, Malaysia, Yemen and South Africa. At the same time, in 2016, Darnitsa stopped exporting to the Russian Federation, and after February 24, 2022, to Belarus.
In June 2023, Darnitsa registered one of its medicines in Australia, which, according to the company, is known for some of the strictest regulatory rules in the world.
In 2023, the company increased its net income from operating activities by 32.8% compared to 2022 to UAH 6.969 billion. The company named new products and higher selling prices as the main factors of the increase in revenue.
“Darnitsa” is the leader of the Ukrainian pharmaceutical market in physical terms. The company has been present on the market for over 90 years and produces medicines of 180 brands in 15 different forms. The strategic areas of development of the portfolio are cardiology, neurology, and pain management. According to the Unified State Register of Legal Entities and Individual Entrepreneurs, the ultimate beneficiary of the company is Hlib Zagoriy.
