Business news from Ukraine

Business news from Ukraine

UKRGAZVYDOBUVANNIA SIGNS UAH 4 BLN DRILLING CONTRACTS WITH CHINESE COMPANIES

PJSC Ukrgazvydobuvannia has signed contracts with Xinjiang Beiken Energy Engineering (XBEE) and Zhongman Petroleum and Natural Gas Group (ZPNGG) to drill 36 wells for UAH 4.032 billion. According to a report in the ProZorro e-procurement system, at the end of July the contract with ZPNGG for UAH 723.52 million was signed (lot 7), and the contract with XBEE for UAH 3.308 billion (lots 1-5) was signed at the end of August.
The company rejected the proposal of Energofinance LLC for lot 6 and plans to sign a contract with XBEE for UAH 776.991 million.
As reported, Ukrgazvydobuvannia announced a tender for drilling 42 more wells at the end of December 2017. The tender was held early February.
The strategy of the company until 2020 envisaged the increase in gas production from 14.5 billion cubic meters in 2015 and 2016 to 15.2 billion cubic meters in 2017, 16.5 billion cubic meters in 2018, 18.3 billion cubic meters in 2019, and 20.1 billion cubic meters in 2020.

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ALLSEEDS GROUP PLANS TO INCREASE CAPACITY OF VEGETABLE OIL STORAGE FACILITIES

Allseeds group of companies is finalizing the construction of vegetable oil tanks at its terminal in Yuzhny seaport (Odesa region) in order to increase their storage capacity to 132,000 tonnes. At the loading rate of 1,300 tonnes of oil per hour, a 50,000 tonnes tanker will be full in just 40 hours, according to the group’s press release.
Allseeds in the nearest future is also planning to increase the total storage capacity of its vegetable oil terminal up to 200,000 tonnes.
According to the information on the group’s website, the storage capacity of its vegetable oil terminal is 42,000 tonnes.
Allseeds Group was founded in 2010.

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SALES OF TELECOM SERVICES IN UKRAINE 11% UP

The volume of sales of services by telecommunications and postal communications enterprises in Ukraine in January-June 2018 amounted to UAH 34.82 billion, which in absolute prices is higher than the level of H1 2017 by 11%, according to the State Statistics Service of Ukraine.
According to its data, the volume of services provided to the population amounted to UAH 20.6 billion, or 59.15% of the total volume of services sold, which is 13.4% up from the same period last year.
At the same time, in comparable prices compared to H1 2017 the volume of services sold as a whole increased by 2% and in terms of providing services to the population grew by 2.9%.
In particular, in absolute prices in H1 2018 the volume of sales of postal and courier services grew by 31%, to UAH 2.75 billion, of which services rendered to the population amounted to UAH 785 million, which is 27.2% up from the same period last year.
The volume of sales of mobile communications services in January-June 2018 grew by 7.4%, to UAH 18.25 billion, of which services provided to the public amounted to UAH 12.71 billion (14.56% up from the same period in 2016).
The volume of sales of Internet services in H1 2018 also rose by 17% and amounted to UAH 6.2 billion, of which the population was provided with services worth UAH 4.22 billion (19.8% up from H1 2017).

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UKRAINE SETS UP COMMISSION TO SELECT INDEPENDENT MEMBERS OF ENERGY EFFICIENCY FUND

Ukraine’s Minister of Regional Development, Building, Housing and Utilities Hennadiy Zubko has set up a commission to select independent members of the supervisory board of the Ukrainian Energy Efficiency Fund. The commission starts work on August 29, according to the ministry.
Six representatives from the European Union, Germany and Ukraine’s Cabinet of Ministers are on the commission. The members include Head of Operations Section 3 “Economic Cooperation, Energy, Infrastructure and Environment” of the Delegation of the European Union to Ukraine Johannes Baur, Member of the Support Group for Ukraine (SGUA) Krzysztof Gierulski, and Project Manager of the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH Robert Kuenne.
Deputy Regional Development Minister Eduard Kruhliak, Deputy Finance Minister Yuriy Heletiy and Director of the economic development department of the Cabinet’s Secretariat Valentyna Yashchuk are also members of the commission. According to the Regional Development Ministry’s press service, the Hudson recruiting company will also be hired.
The press release said the commission would determine requirements for candidates and define the list of documents for participating in the competition, as well as the procedure and stages of selection, including criteria for evaluating members of the fund’s supervisory board.
As earlier reported, the Regional Development Ministry had planned to announce the competition in September. Ukrainian associations of apartment building coops may be able to apply for the fund’s energy efficiency programs from 2019.
On July 25, the Regional Development Ministry registered state-run the Ukrainian Energy Efficiency Fund in the United State Register of Legal Entities, Individual Entrepreneurs and Public Organizations. Yulia Holovatiuk-Ungureanu was appointed acting fund director. On July 26, the Cabinet decided to increase the fund’s charter capital by UAH 1.5 billion, to UAH 1.6 billion, using budget funds.

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