JKX Oil&Gas with assets in Ukraine and Russia in the first quarter of 2019 reached average daily production of 9,907 boepd, which is 11.6% more than in the fourth quarter of 2018 and 13.2% more than in the first quarter of 2018.
The company reported on the London Stock Exchange on Wednesday that March 2019 monthly production of 10,200 boepd, strongly supported by the IG103 side track that has averaged 1,598 boepd in Q1 2019, is the highest monthly average group production since June 2016.
In Ukraine, production grew by 35.1% in Q1 2019 compared with Q4 2018, to 5,009 boepd, including a 37.6% rise in gas production, to 709,000 cubic meters a day, and a 23.8% rise in oil and condensate production, to 837 boepd.
Average price of gas in January-March 2019 in Ukraine fell by 21.6% on Q4 2018, to $269 per 1,000 cubic meters and the price of oil – by 28%, to $59 per barrel.
JKX said that the company held $10.5 million cash at March 31, 2019, after payment of $5.3 million principal and $0.7 million interest to the convertible bondholders in February. In addition to cash we are holding oil and gas inventory of approximately $4.8 million in value.
Kyivsky cardboard paper mill (Obukhiv, Kyiv region), a leader in Ukraine’s pulp and paper industry in terms of production and sales, saw a 2% rise in production of goods in money terms in January-March 2019 year-over-year, to UAH 1.349 billion, according to the Ukrpapir association.
Corrugated packaging output fell by 2.7%, to 54.27 million square meters, retaining the second highest result among producers of corrugated packaging in Ukraine after Rubizhne cardboard packaging mill in Luhansk region (with Trypilsky packaging plant).
Production of cardboard decreased 12.5%, to 47,960 tonnes. Production of package cardboard alone fell by 3%, to 34,730 tonnes, while box cardboard output fell by almost 30%, to 13,230 tonnes.
Production of base paper (for sanitary products) stood at 20,000 tonnes, which is 9% up year-over-year. Toilet paper output rose by 4.7%, to 108.81 million rolls.
Corrugated packaging output in total in Ukraine (including other producers) fell by almost 5% in January-March 2019, to 234.17 million square meters, that of paper and cardboard decreased by 8.7%, to 213,860 tonnes and toilet paper grew by 3.7%, to 173 million rolls.
Kyivsky cardboard paper mill is one of the largest cardboard and paper producers in Europe. It employs almost 2,200 people. It sells produce to almost 700 companies in Ukraine, some CIS member states and the rest of the world.
Uber plans to launch the Uber Shuttle pilot project, a servicing to book a seat in a minibus that will drive from one pre-arranged location along a fixed route to another pre-arranged location within the city, in Kyiv in May 2019, the press service of Uber has told Interfax-Ukraine.
This service is also available in Cairo (Egypt) and Monterrey (Mexico).
Uber said that during the pilot project, customers will be able to book a seat in the minibus via the Uber application.
“Uber strives to become a multimodal platform for personal mobile services, giving users access to various modes of transport with the click of a button, so that they can move around the city without need of having their own car. With the pilot launch of Uber Shuttle in Kyiv, we offer the experience of using this service to users here in Ukraine,” the press service said, citing Europe, Middle East, and Africa (EMEA) Head at Uber Pierre-Dimitri Gore-Coty.
The company said that the main goal of the pilot project is the use of Uber technology, to offer Ukrainian users another alternative way to travel around the city.
“This pilot project is part of Uber’s mobility strategy available on the platform,” Uber said.
Gore-Coty also said that Ukraine is very important for Uber, and the company will continue investing in the country, promoting new products on the Ukrainian market.
P & O Maritime Ukraine, a subsidiary of DP World Group, a provider of tugboat services, has announced the start of operations at the Odesa seaport, the company has said on its Facebook page.
The letter on the start of the operations was sent to acting Head of the Ukrainian Sea Ports Authority Raivis Veckagans and thee Odesa branch of the authority.
“Odesa is the third Ukrainian port after Yuzhny and Chornomorsk, in which a representative of the world’s largest operator will work. For work in Odesa, contracts with leading global shipping companies have been concluded,” the company said.
“I am sure that the port, ship owners, terminals and the towing market as a whole will benefit from our cooperation,” P & O Maritime Ukraine CEO Mykhailo Sokolov said.
As reported, in January 2018, P & O Maritime, a fully owned subsidiary of DP World Group, received control over LB Shipping company and started providing tugboat services at the Yuzhny port. The co-investor of the deal was SD Capital investment company belonged to Andriy Stavnitser and Filip Hrushko.
In July 2018, P & O Maritime Ukraine began to provide services at the port of Chornomorsk.
