PJSC Ukrnafta has drilled the first well in 13 years at one of its youngest and most promising fields, the company’s press service reports. The company plans to build ten more new wells there – five in 2025 and 2026.
At the same time, the field is expanding its pipeline capacity, as the current infrastructure is not able to handle the expected production.
“We are actively working at one of Ukrnafta’s youngest fields, discovered in 1990. The working conditions are extremely difficult – 1080 meters above sea level, mountainous terrain, lack of sufficient communications. The last time new facilities were built there was in 2011,” said Sergiy Koretsky, the company’s director.
According to him, the company is working at the field with its own rigs, as the market refused to buy them due to the great complexity.
“Ukrnafta is Ukraine’s largest oil producer and operator of a national network of filling stations. In March 2024, the company took over the management of Glusco’s assets and operates 547 filling stations – 462 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 NAFTAKarta cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
“Ukrnafta holds 92 special permits for commercial development of fields. It has 1832 oil and 154 gas production wells on its balance sheet.
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 owned by private owners, which is currently managed by the Ministry of Defense.
In December 2024, TAS Insurance Group (Kyiv) paid UAH 183.3 million under the concluded insurance contracts, which is 30.4% higher than the amount of the company’s indemnities for the same month in 2023.
According to the insurer’s website, about a quarter of the total volume of payments, or 22.02%, accounted for hull insurance – UAH 40.4 million, MTPL – 34.3%, or UAH 62.9 million (+13.6% compared to December 2023), and Green Card – 21.98%, or UAH 40.3 million (+13.5%).
The share of VHI in the company’s claims portfolio amounted to 18.1%, or UAH 33.2 million (+46.9%) in December.
Under other insurance contracts, the company paid UAH 6.62 million (+2.7 times).
TAS Insurance Group was registered in 1998. It is a universal company offering more than 80 types of insurance products in various types of voluntary and compulsory insurance. It has an extensive regional network: 28 regional directorates and branches and 450 sales offices throughout Ukraine.
Zeleny Park LLC (Iziaslav, Khmelnytsky region), which produces corrugated paper (fluting) and containerboard, increased its production by 18.9% in 2024 compared to the same period in 2023, to UAH 581 million.
According to UkrPapir Association’s statistics provided to Interfax-Ukraine, the company’s output in physical terms increased by 6.1% last year to 32.7 thousand tons.
Also in December, the company increased its production of fluting and testliner by 27.6% by December 2023 and by 95% by November 2024, to 3.7 thousand tons.
Zelenyi Park LLC was registered in 2011 and manufactures products from waste paper, processing up to 72 thousand tons of waste paper annually.
The factory is equipped with Finnish Valmet equipment, which allows it to produce fluting and testliner with a density of 70 to 200 g/sq. m and a roll width of up to 2.8 m.
According to the Clarity Project, the owner of 100% of Zelenyi Park LLC is Cyprus-registered Carton Mill Limited, and the ultimate beneficiaries are ATB Corporation co-owner Gennadiy Butkevych and Volodymyr Shandra (full name is the same as the full name of the former Minister of Industrial Policy (2005-2006) and the former Minister of Emergency Situations (2007-2010) – IF-U).
The company ended 2023 with a loss of UAH 78.2 million (56% more than a year earlier) on a 6.8% drop in revenue to UAH 498.6 million.
Ukraine’s largest one dollar store chain Aurora invested UAH 2.5 billion in the development of the chain in Ukraine in 2024, said CEO Taras Panasenko.
On Facebook, he said that the chain’s revenue for the year amounted to UAH 38.5 billion (excluding VAT), with more than 10 million unique customers.
“More than 600 partners of Aurora Multimarket are Ukrainian producers. They supply 46% of the assortment of Ukrainian products to our store shelves. 70% of them are non-food products. Together with our customers, we are giving new life to the Ukrainian light industry. In addition, this means additional billions of hryvnias of added value in Ukraine and tens of thousands of people employed. It is also an export window for Aurora in Romania,” he wrote.
“In 2024, Aurora Multimarket paid UAH 6.4 billion in taxes and fees, including UAH 2 billion in customs duties, UAH 1.6 billion in sales VAT, and UAH 737.3 million in unified social tax.
Local budgets received a total of UAH 643.5 million in personal income tax (PIT). According to Panasenko, Aurora currently employs more than 15,000 people and creates 2-3,000 new jobs every year. The average salary at Aurora in 2024 is significantly higher than the industry average.
“Taxes on the salaries of each store or warehouse are paid to local budgets at the place of operation. So having Aurora nearby is always a plus for the city. For example, due to the fact that the head office is located in Poltava, Aurora is by far the largest taxpayer in the budget of the Poltava territorial community, having paid more than UAH 199 million in personal income tax,” said Panasenko.
The head office of the Aurora retail chain is located in Poltava. “Aurora was founded in 2011 by Lev Zhidenko, Taras Panasenko and Lesya Klymenko. As of October 1, 2024, the chain has 1533 stores in Ukraine and 25 in Romania. The company employs about 14 thousand people.
According to Opendatabot, the owner of Vygidna Kupil LLC, which develops the chain, is Aurorityl Investments Limited of Cyprus, and its beneficiary is Zhydenko. The Cypriot company also owns Prior Development LLC, Seven A LLC, Promyslova 9 LLC, and Tak LLC.
In 2024, Ukrgasvydobuvannya JSC increased commercial gas production by 5.3% (by 0.7 bcm) compared to 2023 – up to 13.9 bcm, the press service of Naftogaz Group reports.
According to it, last year the company commissioned 83 new wells, of which 60 were production wells and 23 were exploration wells.
“UGV also increased the number of directional wells drilled from 51 to 60 over the year, which allows for gas production in hard-to-reach areas. In addition, the company drilled 370 thousand meters over the year, which is 14% more than in 2023.
“Naftogaz Group not only maintains stability, but also demonstrates an increase in gas production. Every day our people demonstrate the ability to adapt to current challenges and ensure development even in the most difficult conditions. I am grateful to my colleagues for their teamwork and sincere dedication to the profession,” said Roman Chumak, Acting Chairman of Naftogaz of Ukraine. Roman Chumak.
As reported, Ukrgasvydobuvannya produced 13.224 billion cubic meters of commercial gas in 2023, which is 0.679 billion cubic meters more than in 2022.
NJSC Naftogaz of Ukraine owns 100% of Ukrgasvydobuvannya shares.
PJSC Ukrnafta has announced a tender for 3D seismic surveys at Verkhnemaslovetske and South-Eastern part of Novoskhidnytske fields.
According to the company’s announcement in Prozorro, the expected value of the tender is UAH 256 million (excluding VAT), and the auction is scheduled to start on January 23.
As reported, in 2025 Ukrnafta intends to drill about 30 new wells and conduct 3D seismic surveys over almost 1,250 square kilometers of land.
“Ukrnafta is Ukraine’s largest oil producer and operator of a national network of gas stations. In March 2024, the company took over management of Glusco’s assets and operates 547 filling stations – 462 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 NAFTAKarta cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
“Ukrnafta holds 92 special permits for commercial development of fields. It has 1832 oil and 154 gas production wells on its balance sheet.
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 owned by private owners, which is now managed by the Ministry of Defense.
