The Commercial Court of Lviv Oblast declared PJSC “Galicia” Oil Refining Complex (Drohobych Oil Refining Complex) bankrupt, with total creditor claims exceeding 18 billion UAH, and initiated liquidation proceedings, according to a court ruling dated June 25, 2026, published in the Unified State Register of Court Decisions.
“PJSC ‘Galychyna Oil Refining Complex’ is hereby declared bankrupt, and liquidation proceedings are hereby initiated. The term for conducting the liquidation proceedings is set at twelve months,” the document states.
The court hearing is scheduled for September 22, 2026, and will take place at the Commercial Court of Lviv Oblast.
According to the court ruling, control over NPK “Galychyna,” whose total debt exceeds 18 billion hryvnias, is transferred to a creditors’ committee comprising the state-owned companies JSC “Ukrnafta” and PJSC “UkrTatNafta.”
The court concluded that the complex’s financial and asset situation is critical, as its operations have been deeply unprofitable in recent years. Specifically, the company’s losses totaled nearly 7 billion hryvnias in 2024 and over 3.46 billion hryvnias in 2025, while the shortfall in assets to cover its debt amounts to more than 15.2 billion hryvnias.
The Drohobych-based NPK “Galychyna” is considered an asset of Ihor Kolomoyskyi and his business partners and has been under seizure since 2023.
BANKRUPTCY, LIQUIDATION, UKRNAFTA, НПК Галичина, УКРТАТНАФТА
