Business news from Ukraine

POLTAVA PETROLEUM COMPANY COMPLETES DRILLING OF THIRD WELL SINCE YEAR START

Poltava Petroleum Company, a subsidiary of British-based JKX Oil & Gas plc, has successfully completed drilling the third (IG142) well since the beginning of the year (Ihnativske field), having received an average daily production rate of 152,000 cubic meters of gas and 709 bpd (barrel per day) of oil and condensate, JKX reported on the London Stock Exchange’s website.
The company said such results had significantly exceeded expectations.
“This is the fourth successful new well drilled by the Ukrainian subsidiary of JKX, Poltava Petroleum Company, since the approval of the five-year development plan,” the report says.
Poltava Petroleum Company is one of the largest non-state oil and gas companies in Ukraine. It owns five extraction licenses (Rudenkivske, Ihnativske, Novomykolaivske, Molchanivske, Yelyzavetivske deposits) and one license for geological exploration (Zaplavska deposit).
JKX Oil & Gas is engaged in the exploration and production of hydrocarbons in Ukraine, Russia, Hungary, and Slovakia.

, ,

UKRAINE INCREASES ELECTRICITY GENERATION FROM RENEWABLE ENERGY SOURCES BY 2.8 TIMES

Ukraine in June 2019 increased electricity generation from renewable energy sources by 2.8 times (by 378.3 million kWh) compared to June 2018, to 585 million kWh.
According to data from the Ministry of Energy and Coal Industry, available to Interfax-Ukraine, production of electricity from renewable energy sources in January-June 2019 increased by 1.9 times compared to the same period last year, to 2.372 billion kWh.
The share of renewable energy in the structure of electricity production in June 2019 reached 5% against 1.8% in June 2018, while the share of renewable energy in the first half of this year was 3% against 1.5% in January-June 2018.
As reported, as of the end of the first half of the year, the installed capacity of renewable energy facilities reached 3,634 MW, in particular that of solar plants some 2,640 MW, wind plants 776.6 MW, biomass plants 51.3 MW, and biogas stations some 66.4 MW.

, , ,

NEW PRESIDENT OF UKRAINE DISMISSES AMBASSADORS TO 11 COUNTRIES INCLUDING U.S., CYPRUS, ARGENTINA, VATICAN

President of Ukraine Volodymyr Zelensky, by his decrees, has dismissed Ukrainian ambassadors in 11 countries. Presidential decrees dismiss Valeriy Chaly from the post of Ukrainian ambassador to the U.S., to Antigua and Barbuda and Trinidad and Tobago (part-time), Ambassador of Ukraine to Armenia Petro Lytvyn, and Ambassador to Turkmenistan Valentyn Shevaliov, the official website of the president reported.
Ambassador of Ukraine to the Republic of Cyprus Borys Humeniuk, ambassador to Argentina and part-time to Paraguay, Uruguay and Chile, Yuriy Dudin, were dismissed.
Ambassador to Vietnam and part-time to Cambodia, Oleksiy Shovkoplias, ambassador to Morocco Yaroslav Koval, and ambassador to Jordan Serhiy Pasko, were also dismissed.
Zelensky fired ambassador of Ukraine to Nigeria and part-time to Ghana, Benin and Sierra Leone, Valeriy Aleksandruk, and ambassador to South Africa Taras Kuzmych.
In addition, Ambassador of Ukraine to Vatican and part-time to the Sovereign Military Hospitaller Order of Saint John of Jerusalem, of Rhodes and of Malta, Tetiana Izhevska, was also dismissed.

, , , , ,

UKRAINE HARVESTS 21.6 MLN TONNES OF EARLY GRAINS AND LEGUMINOUS CROPS FROM 63% OF AREA

Ukraine as of July 19, 2019 had threshed early grains and leguminous crops on an area of 6.1 million hectares (63% of the forecast), harvesting 21.6 million tonnes of grain, the Ministry of Agrarian Policy and Food of Ukraine has reported.
According to its data, farmers harvested 15.4 million tonnes of wheat from an area of 4.1 million hectares (63% of the forecast), 5.6 million tonnes of barley from 1.7 million hectares (69% of the forecast), 537,000 tonnes of peas from an area of 237,000 hectares (84% of the forecast).
In addition, farmers harvested 32,000 tonnes of rye from 12,000 hectares (10% of the forecast) and 12,000 tonnes of oats from 5,000 hectares (3%).
Farmers continue harvesting winter rapeseeds, having threshed 2.4 million tonnes from an area of 1 million hectares (79% of the forecast).
As reported, the ministry predicts the increase in the grain yield in 2019 under favorable conditions to 70.8 million tonnes against 70.1 million tonnes in 2018.
The USDA estimates grain harvest in Ukraine this year at 72.6 million tonnes, exports at 51.4 million tonnes.

, ,

ZELENSKY ORDERS TO COMPLETE NEW AIRPORT TERMINAL IN ZAPORIZHIA

The construction of a new terminal of Zaporizhia Airport should be completed in December 2019 to handle flights of Dnipro Airport during the reconstruction of the latter. President Volodymyr Zelensky set the task when visiting the terminal construction site, the president’s official website said.
The terminal is designed to receive 1 million passengers per year.
According to Zaporizhia Mayor Volodymyr Buriak, the airport has more than UAH 50 million in net profit.

, , ,

77% RUSSIANS POSITIVE ABOUT UKRAINE, 21% NEGATIVE – POLL

More than three quarters of Russians (77%) are positive about Ukraine, according to the results of a Russian Public Opinion Research Center (VCOIM) survey seen by Interfax. According to the poll, 12% of respondents said their attitude to Ukraine is very good, while 56% said they feel generally good about Ukraine.
As many as 21% of the poll’s respondents are negative about Ukraine, 9% are very negative about it, and 12% are generally negative about it.
The survey shows that 30% of the respondents consider Ukraine to be a fraternal country, 28% consider it just a neighbor, and 8% of the respondents see Ukraine as a country friendly to Russia.
Twelve percent of respondents believe Ukraine is a source of threat to Russia, while nine percent see Ukraine as a hostile country.
The sociologists said that there are more things between residents of Russia and Ukraine that divide them (48%). Thirty-six percent of the respondents believe there are more things between the people of the two countries that unite them.
The poll was conducted on June 20, 2019. It surveyed 1,600 respondents aged 18 and older.

,