The consolidated net profit of NJSC Naftogaz of Ukraine for 2021 amounted to UAH 12.023 billion against a net loss of UAH 19.002 billion in 2020.
According to the reports published on the website of Naftogaz, its sales revenues last year increased by 36.5% (by UAH 58.15 billion) compared to 2020 – up to UAH 217.384 billion, total revenues – by 13.5% ( by UAH 25.962 billion), up to UAH 218.979 billion.
In terms of segments, revenue from sales in 2021/2020: sales of natural gas (UAH 136.751 billion / UAH 75.821 billion), domestic exploration and production (UAH 90.309 billion / UAH 61.472 billion), Ukrnafta (UAH 36.944 billion / UAH 35.535 billion ), gas transit services (UAH 32.72 billion/UAH 46.724 billion), gas storage (UAH 4.764 billion/UAH 6.046 billion), oil transit services (UAH 3.583 billion/UAH 3.466 billion), domestic oil transportation (UAH 0.411 billion UAH/0.275 billion UAH), other (3.165 billion UAH/2.776 billion UAH), elimination (-91.263 billion UAH/-72.881 billion UAH).
Geographical structure of income from the sale of goods and services in 2021 and 2020: Ukraine (UAH 175.709 billion/UAH 104.266 billion), RF (UAH 36.071 billion/UAH 49.91 billion), Europe (UAH 4.457 billion/UAH 4.837 billion), Asia (UAH 0.802 billion/0), Egypt (UAH 0.342 billion/UAH 0.209 billion), USA (UAH 0.003 billion/UAH 0.012 billion).
The press release of the NAC to the published financial statements notes that the main profit of the company last year was received from mining.
“However, not all segments of activity were profitable and this needs to be corrected. In particular, the activity of importing, trading and supplying gas was unprofitable due to state regulation, primarily the decisions of the NEURC regulator. Gas storage activities were also unprofitable, partly also from – for the decisions of the regulator,” said the head of the NAC Yuriy Vitrenko.
“State-owned companies should be profitable under normal conditions. Given the scale of Naftogaz, such profits are not excessive, taking into account the invested capital and its cost. At the same time, the data indicate that Naftogaz would be profitable in 2021 without gas transit. This important achievement,” he said.
Naftogaz unites the largest oil and gas producing enterprises of the country (100% of Ukrgazvydobuvannya and 50% + 1 share of PJSC Ukrnafta). The Group has a monopoly on the storage of natural gas in underground storage facilities (100% Ukrtransgaz) and the transportation of oil by pipeline across the country (100% Ukrtransnafta), and is actively developing the direction of gas supplies to household consumers.
President of the European Commission Ursula von der Leyen announces her intention to allocate new macro-financial assistance to Ukraine in 2022 in the amount of up to 9 billion euros.
“We offer Ukraine a new exceptional macro-financial assistance of up to 9 billion euros in 2022,” she said on Wednesday in Brussels.
According to the president of the European Commission, these funds will be allocated for the short term for “existing needs, to support the government, the state budget.”
Smoke is possible in Kyiv due to fires in the Kyiv region, in particular, in the exclusion zone of the Chernobyl nuclear power plant, according to the Telegram channel of the Kyiv City State Administration on Wednesday.
“The State Agency for the Management of the Exclusion Zone informs that the radiation state is within control levels. Smoke may move towards Vyshgorod and Kyiv, both from fires in the exclusion zone and from fires near Ivankov and the village of Strakholesye outside the exclusion zone. Extinguishing complicated by the wind, limited technical resources due to the consequences of the occupation – theft and destruction of a large amount of equipment and fuel, as well as the threat of mine explosions,” the report says.
According to the Kyiv City State Administration, as of 17:00, the air quality on the right and left banks of the capital is within the normal range, no excess of the maximum permissible concentrations of pollutants was found.
At the same time, the city authorities urge the people of Kiev to close windows in case of smoke and, if possible, not to be in the open air. In addition, if available, air conditioning and air purification systems should be turned on. In case of smoke, experts advise to carry out wet cleaning, increase indoor air humidity, increase fluid intake up to 2-3 liters per day for adults.
The US Senate Committee on Foreign Relations approved the candidacy of Bridget Brink for the post of US Ambassador to Ukraine, the committee’s Twitter account reported on Wednesday.
“The U.S. Senate Foreign Relations Committee backed Bridget Brink’s candidacy for Ambassador to Ukraine with a powerful message: U.S. support for Ukraine continues to grow,” the committee wrote on Twitter.
Now her candidacy will have to be approved by the full Senate in the coming days.
Earlier on Wednesday, it was reported that the American embassy in Kyiv officially resumed its work. US Secretary of State Anthony Blinken said that “additional measures have been taken to ensure the safety of our colleagues who are returning to Kyiv.”
Bridget Brink has been an employee of the US State Department since 1996, and since 2019 she has been the US Ambassador to Slovakia.
In its new video, the YouTube channel “Club of Experts” analyzed the situation in the Ukrainian economy before the start of the Russian aggression. As you know, the State Statistics Service of Ukraine has temporarily suspended the publication of statistical information for the period of martial law, as well as for three months from the moment it ends. The exception is the publication of data on the consumer price index, separate information on statistical indicators for 2021, as well as for the period January-February 2022.
If we return to the indicators of the beginning of the year, at that time we could talk about economic growth and recovery after the recession caused by the COVID-19 pandemic, says the founder of the Club of Experts, Candidate of Economic Sciences Maxim Urakin.
“Officially, the number of unemployed in the country, according to the State Employment Center, as of January 2022, was just over 358,000 people. In this direction, there was a positive trend and the recovery of jobs after the labor market crisis that was caused by the pandemic,” he explained.
In addition, the expert noted that according to the State Statistics Service, Ukraine’s GDP in 2021 grew by 3.4% after a decline of 3.8% a year earlier. At the same time, there was an increase in industrial production and retail trade within the country.
“Industrial production in Ukraine in 2021 increased by 1.1% after a 5% drop in 2020. At the same time, in 2021, compared to the twentieth, the retail trade turnover increased significantly, by more than ten percent and amounted to more than one trillion four hundred forty-three billion hryvnia,” Urakin added.
All this, according to the founder of the Club of Experts, may indicate that in the pre-war period the country’s economy showed positive indicators of development.
The full video can be viewed on the YouTube channel “Expert Club” at the link:
The situation in Ukraine will be one of the central topics of the World Economic Forum (WEF) in Davos, which will be held this year from May 22 to 26, Swiss media reported on Wednesday.
They note that after a two-year break caused by the coronavirus pandemic, the Davos Forum will be held in person.
The event will be attended by about 2 thousand people, including about 50 world leaders.
For the first time in many years, the WEF will be held this year without Russian participation, Swiss media indicate.
They also draw attention to the fact that the list of invitees to the forum does not look as impressive as in previous years. So, neither US President Joe Biden nor Vice President Kamala Harris will come to Davos this year. China will also not be widely represented.
