Ukrnafta plans to drill about 30 new wells in 2025, as well as carry out workovers, equipment upgrades and production stimulation.
This was announced by the company’s CEO Sergiy Koretsky at the conference Supplier Day for State-Owned Oil and Gas Enterprises: Plans for 2025.
“In 2025, we plan to increase production by about 30 new wells. The vast majority of them will be completed with the help of third-party contractors. We also plan about 120 workovers – about 34 with the help of third-party contractors, and 52 hydraulic fracturing operations – about 30 with external support,” he said.
According to the CEO, the company will focus on upgrading equipment and improving energy efficiency: modernizing compressor stations, installing booster compressor stations and modular equipment for hydrocarbon preparation and measurement.
“We are preparing to conduct 3D seismic surveys over about 1,250 square kilometers of area. We also plan to conduct industrial and geophysical studies, design and survey work. In 2025, we will focus on pipeline surveys: about 2.5 thousand kilometers will need to be inspected to prevent gusts and emergencies,” Koretskyi said.
The company also repairs and modernizes the filling stations of the largest mono-brand network in Ukraine. About 100 existing filling stations will be partially modernized this year. Shops and cafes will be added. Modernization of the existing filling stations and construction of new complexes is the goal for the next few years.
“All Ukrnafta’s plans are impossible without reliable partners. That is why I sincerely invite everyone to follow the updates on the company’s official resources and participate in open tenders in the Prozorro public procurement system,” said the Ukrnafta CEO.
“Ukrnafta is Ukraine’s largest oil producer and operator of the national network of filling stations. In March 2024, the company took over the management of Glusco’s assets and operates a total of 545 filling stations – 460 owned and 85 managed.
The company is implementing a comprehensive program to restore operations and update the format of its filling stations. Since February 2023, the company has been issuing its own fuel coupons and NAFTACard cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
Ukrnafta’s largest shareholder 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 to the state a share of corporate rights of the company, which belonged to private owners and is currently managed by the Ministry of Defense.
Agrotrade agricultural holding companies in Sumy and Chernihiv regions have completed the corn harvesting campaign on an area of about 6.5 thousand hectares, the company’s press service reported on its Facebook page.
According to the report, corn in the 2024 season had high quality indicators, in particular, lower than usual moisture content. It is at the baseline level or slightly (by 1-2%) higher than that. As for the yield of this grain, it was higher than planned.
“The price of corn on the market is much higher than last year and continues to grow. Given this, the crop is economically attractive this year,” said Oleksandr Ovsyanyk, Director of Agrotrade’s Agricultural Department.
He predicts that the market will react to such price trends and next year Ukrainian farmers will again allocate a significant part of their fields to corn.
Agrotrade Group is a vertically integrated holding company with a full agro-industrial cycle (production, processing, storage and trade of agricultural products). It cultivates over 70 thousand hectares of land in Chernihiv, Sumy, Poltava and Kharkiv regions. Its main crops are sunflower, corn, winter wheat, soybeans and rapeseed. It has its own network of elevators with a simultaneous storage capacity of 570 thousand tons.
The group also produces hybrid seeds of corn and sunflower, barley, and winter wheat. In 2014, a seed plant with a capacity of 20 thousand tons of seeds per year was built on the basis of Kolos seed farm (Kharkiv region). In 2018, Agrotrade launched its own brand Agroseeds on the market.
Vsevolod Kozhemiako is the founder and CEO of Agrotrade.
One of the largest grain market operators in Ukraine, JV Nibulon LLC, has built a gallery at the transshipment terminal for receiving cargo from water transport at the Mykolaiv Grain Hub, the grain trader’s press service reports on Facebook.
“From now on, Nibulon’s largest grain hub in Mykolaiv can work not only for unloading grains and oilseeds from rail to water transport, but also vice versa. The new gallery has the capacity to load one railroad car per day and, if necessary, can transship grain not only from Nibulon barges but also from Panamax vessels,” the statement said.
The agricultural holding intends to use these facilities to receive cargo from Voznesensk and Novoodessk branches after the resumption of water transportation on the route.
“This will reduce the burden on agricultural producers in terms of logistics costs, as it offers the cheapest way of transportation on the site with subsequent transshipment to wagons and transportation to the ports of Izmail and Greater Odesa,” the agricultural holding explained and invited colleagues to cooperate.
Nibulon JV LLC was established in 1991. Prior to the Russian military invasion, the grain trader had 27 transshipment terminals and crop reception complexes, a one-time storage capacity of 2.25 million tons of agricultural products, a fleet of 83 vessels (including 23 tugs), and owned the Mykolaiv Shipyard.
“Before the war, Nibulon cultivated 82 thousand hectares of land in 12 regions of Ukraine and exported agricultural products to more than 70 countries. In 2021, the grain trader exported the highest ever volume of 5.64 million tons of agricultural products, reaching record volumes of supplies to foreign markets in August – 0.7 million tons, in the fourth quarter – 1.88 million tons, and in the second half of the year – 3.71 million tons.
Nibulon’s losses due to Russia’s full-scale military invasion in 2022 exceeded $416 million.
Currently, the grain trader is operating at 32% of capacity, has created a special unit to clear agricultural land of mines, and was forced to move its headquarters from Mykolaiv to Kyiv.
Source: https://www.fixygen.ua/news/20241105/nibulon-vidkrivae-novu-galereyu-v-mikolaevi.html
Centravis Production Ukraine (Nikopol, Dnipropetrovska oblast), a member of the Centravis Ltd. holding, supplies seamless stainless steel pipes to Ferrari, a sports car manufacturer in Italy.
According to a press release, the Ukrainian manufacturer has been regularly shipping pipes to the Italian automotive company in recent years. The total volume of deliveries annually amounts to about 10 thousand meters of finished products.
It is also specified that since Ferrari engines are more powerful than those of conventional cars, Italian automakers have special requirements for fuel pipes, in particular, their ability to operate under extremely high pressure, be wear-resistant, not have hidden defects, etc.
Currently, Centravis supplies Ferrari with pipes with wall thicknesses ranging from 3.5 to 5.5 mm, which are used for high-pressure fuel rails.
“Ferrari is a top-level brand. There is no room for error in cooperation with such brands, and we are pleased that we have managed to establish systematic cooperation and prove that Ukrainian quality can meet global standards,” says Artem Atanasov, Centravis Sales Director.
At the same time, it is recalled that in the fall of this year, Centravis announced the fulfillment of a special order for SpaceX (USA).
As reported, in 2023, Centravis increased its production by 12% to 12.2 thousand tons. More than 98% of its products are supplied to foreign markets. The company has exported its products to 38 countries, including Germany, Italy, the USA, Japan, South Korea, the UAE, Oman and others.
“Founded in 2000, Centravis is one of the ten largest producers of seamless stainless steel pipes in the world. Its main production facilities are located in Nikopol (Dnipropetrovska oblast). In 2023, the company opened a branch in Uzhhorod.
Centravis Holding Ltd. was established on the basis of Nikopol Stainless Pipe Plant CJSC, service and trading companies of Production and Commercial Enterprise YUVIS LLC. Its shareholders are members of the Atanasov family. Centravis Ltd. owns 100% of the shares in Centravis Production Ukraine.
Prime Minister Denys Shmyhal said that this year Ukrainian railroad workers have restored more than 700 km of tracks destroyed by the enemy, the government portal website reports.
“Railroad workers not only ensure the movement of passengers and goods, but also restore everything that the enemy destroyed. This year alone, more than 700 kilometers of tracks have been restored,” he said.
It is reported that rolling stock is also being repaired, and new services and new opportunities are being introduced for passengers. “We are implementing ambitious plans for integration into the European railway space,” the Prime Minister added.
The head of government also noted that on the occasion of the Railroader’s Day he got acquainted with the new railcars of Ukrzaliznytsia. It is noted that one of them was repaired at the expense of the company, and the second, which is for children, was created in cooperation with UNICEF.
The Prime Minister also inspected a new modern railcar manufactured by Kryukiv Carriage Works on behalf of the state.
“It is important that Ukrainian companies receive more such orders, as this supports the Ukrainian economy,” the Prime Minister emphasized.
Meanwhile, Shmyhal presented certificates of honor to Ukrainian railroad workers.
“Railways are our arteries of life that connect Ukraine from west to east, from south to north… I congratulate you on your professional holiday and thank you for everything you do for our sustainability and victory,” Shmyhal said.
In January-October 2024, Ukrainian ports increased cargo handling by 78.1% year-on-year to 82.1 million tons from 46.1 million tons, state-owned enterprise (SOE) Ukrainian Sea Ports Authority (USPA) reported on Facebook on Monday.
According to its operational data, the volume of agricultural cargo handling for 10 months of this year reached 50.7 million tons.
Earlier, with reference to the operational data of the USPA, it was reported that in January-September 2024, Ukrainian seaports handled 74 million tons of cargo, while in the same period last year – 41.1 million tons.
According to the release, USPA’s revenue for the first 9 months of this year amounted to UAH 5.2 billion, net profit – UAH 2.2 billion, and UAH 3.1 billion will be paid to the state budget.
It is noted that the company “has achieved a high level of protection of critical infrastructure facilities and its elements – up to 95% in each of the ports of Ukraine.”
“All branches are 100% provided with alternative power sources, which guarantees uninterrupted operation of the ports. During 2023-2024, despite the difficult security situation, there was not a single case of suspension of port operations,” the USPA said in a statement.
It is also noted that the ports of the Danube region remain a reliable alternative route for Ukrainian exports and critical imports and, despite constant hostile shelling, ensure the stable functioning of logistics routes vital to the Ukrainian economy.
Since the beginning of the year, USPA has held 200 strategic meetings with international partners, where it has achieved a number of important results. In particular, a diplomatic initiative to exclude Russia from the Danube Council was successfully implemented.
“Active communication with the world’s leading and domestic media contributed to the formation of strong international support, which resulted in the attraction of technical assistance worth more than UAH 1.56 billion, including critical equipment such as pilot boats, booms, skimmers, construction equipment and generators,” the USPA press service emphasized.
