DTEK Oil & Gas, responsible for the oil and gas division of DTEK Group, plans to drill five deep wells in 2020 and reach gas production of 2 billion cubic meters (bcm) by 2021, the company’s press service has reported.
“In 2020, we plan to build five new wells and in the near future to develop depths of more than 7 km,” the press service said, citing Extraction and Processing Director Oleksiy Raptanov as saying.
Last year, DTEK Oil & Gas reduced the construction time for wells with a depth of more than 5,500 0 meters to three and a half months, contracted the SK-3000 drilling rig, which allows drilling to a depth of 10 km, and also launched a new drilling program at the Machukhske field.
In addition, the company announced the creation of a technology center for systematic search, adaptation and implementation of modern technologies in its structure, the formation of an expert council with the involvement of international experts to increase the efficiency of production and business processes.
“All this will help DTEK Oil & Gas to reach a renewed momentum and increase production to 2 billion cubic meters by 2021,” Raptanov said.
The total fish and other aquatic biological resources catch by fisheries of Ukraine in 2019 grew by 9.7% compared with 2018, to 97,200 tonnes.
According to a press release of the State Fisheries Agency of Ukraine, fish industry enterprises in water bodies and on the continental shelf of Ukraine caught 51,500 tonnes of aquatic biological resources, which is 2.2% more than in 2018.
In the area managed by the Commission for the Conservation of Antarctic Marine Living Resources (CCAMLR) fishing boats under Ukrainian flag caught 22,400 tonnes of aquatic biological resources, which is 48.7% more than in 2018.
In addition, last year, 14,960 tonnes of commodity products of aquaculture was caught.
Special fisheries combining elements of aquaculture and industrial fish catch operate in Ukrainian lakes and water reservoirs. Almost 8,300 tonnes of aquatic biological resources were caught by them in 2019, which is 14.7% more than in 2018.
The Rostdorstroy group of road construction companies, as part of expanding its business, carries out rebranding and will be renamed RDS, co-owner of the group Yuriy Shumakher has said in an interview with Interfax-Ukraine.
“We decided that the name of the company Rostdorstroy is long and heavy, especially for the European market, in which we, in addition to the Ukrainian market, want to be represented,” he said, noting that rebranding will allow the company to develop more actively in international markets.
According to the expert, ubiquitous digitalization and a huge flow of information force brands and companies to grow rapidly, in particular changing their visual image.
“Everything is becoming more simplified, easy,” he said.
He noted that initially the company was created as the Rost (Growth) investment group for construction of housing and commercial real estate.
“When we decided to invest in roads in 2005, we called the project Rostdorstroy. Now we work in the field of road construction and are already in the top three companies in this market,” he described the evolutionary path of development of the company and its brands.
The Ukrainian group of companies RDS includes Kyivshliakhbud and Rostdorstroy. The core business is construction, reconstruction and maintenance of roads and bridges, construction of airfield complexes.
The company is building concrete road H-14 Kropyvnytsky-Mykolaiv. As part of the reconstruction of the H-31 Dnipro-Reshetylivka highway in Poltava region, RDS is building an overpass over the railway and the section of the first concrete road in Ukraine. In 2019, the company won a World Bank tender for work on the first category highway M-03 Kyiv-Kharkiv-Dolzhansky.
As of January 2020, the company operates in seven regions of Ukraine and has ten production bases.
The ultimate beneficial owners of RDS are Ukrainian citizens Yuriy Shumakher and Yevhen Konovalov. The charter capital of the company is UAH 5.13 million
From February 14, state-owned PrivatBank (Kyiv) has cut basic interest rates for all programs for financing entrepreneurs and small businesses by 2-3 percentage points (p.p.), according to the bank’s press release issued on February 17.
The press service of the bank told Interfax-Ukraine that the interest rate under the KUB (Country of Successful Business) program was cut by 2 p.p. to 18% per annum, rates on the Entrepreneurial and the Credit Line on the Account credit lines – by 3 p.p. to 27% and 18%, respectively.
In addition, rates on business mortgage were cut by 3 p.p. (to 16% per annum), on loans secured by deposits (to 13% per annum) and on investment credits (to 16% per annum).
The rates were cut by 3 p.p. to 16% per annum on the Agroseason credit line and on loans for the purchase of agricultural equipment under state programs.
As reported, PrivatBank plans to allocate at least UAH 10 billion for financing programs for Ukrainian entrepreneurs in 2020.
On December 18, 2016, the government of Ukraine, referring to the proposal of the National Bank of Ukraine (NBU) and the former shareholders of PrivatBank, decided to nationalize the largest financial institution on the Ukrainian market and pumped more than UAH 155 billion into its capital.
PrivatBank ranked first among 75 banks in terms of total assets (UAH 552.058 billion) on January 1, 2020, according to the NBU
The main pipe enterprises of Ukraine in January of this year reduced production of pipes from ferrous metals, according to recent data, by 23.9% compared to the same period last year, to 65,800 tonnes.
The Ukrtruboprom association told Interfax-Ukraine that in January 2020, the enterprises of the association reduced production of pipes by 41.8%, to 40,100 tonnes.
Pipe production at Interpipe Nyzhniodniprovsky Pipe Rolling Plant for the indicated period decreased by 33.9%, to 14,800 tonnes, at Interpipe Novomoskovsk Pipe Plant by 48.2%, to 4,400 tonnes. Interpipe Niko Tube reduced production by 44.5%, to 19,200 tonnes.
Dnipropetrovsk Pipe Plant increased pipe production to 100 tonnes from 1,400 tonnes in January 2019, Centravis by 21.1%, to 1,500 tonnes of stainless pipes.
Trubostal plant retained pipe production at 100 tonnes of pipes.
Mariupol-based Illich Steel Mill, which is not part of the Ukrtruboprom association, increased pipe production by 51.5% in January 2020, to 15,000 tonnes, while Kominmet by 39%, to 10,700 tonnes.
As reported with reference to the data of Ukrtruboprom, in 2019 Ukraine reduced pipe production by 9.1% compared to the previous year, to 1.002 million tonnes. Enterprises of the association reduced pipe production by 10.2% to 715,100 tonnes.
The State Property Fund of Ukraine this spring will put the Dnipro Hotel located downtown Kyiv at the starting price of $10 million. “In order for its [the hotel’s] final cost to increase at times, a new director, Elina Sapozhkova, has been recently appointed,” the fund said on its website.
According to Sapozhkova, who previously had experience in opening, developing and managing hotels of the international chains Rezidor Hotel Group, IHG, Hilton Hotels & Resorts, Hyatt, the main value of the Dnipro Hotel is its location on European Square in the center of Kyiv and the views from the rooms.
The fund said that it has 23 large facilities for privatization, of which five are planned to be completed this year.
