Naftogaz Group has increased gas production by more than 400 thousand cubic meters by launching three wells in November, its CEO Oleksiy Chernyshov said.
“We continue to increase Ukrainian gas production! In November alone, three high-rate wells were put into operation (…). In total, in November we have an additional 400 thousand cubic meters of gas per day!” he wrote on his Facebook page on Friday.
Chernyshov clarified that two of the mentioned wells are new. Their launch was the result of the implementation of the largest 3D seismic survey program in the history of modern Ukraine and the high professionalism of Naftogaz specialists. The third well is a rehabilitated well that had been in the liquidation fund for 35 years.
As reported, in 2023, Ukrgasvydobuvannya set a goal to increase natural gas production by 1 billion cubic meters to 13.5 billion cubic meters. In 2022, the company produced 12.5 bcm of natural gas (commercial), which is 3% less than in 2021.
NJSC Naftogaz of Ukraine owns 100% of Ukrgasvydobuvannya shares.
PJSC Interpipe Dnipropetrovs’k Vtormet (Dnipro), a member of Interpipe Pipe and Wheel Company (TKK), posted a consolidated net profit of UAH 43.841 million in January-September this year, compared to a consolidated net loss of UAH 58.818 million in the same period last year.
According to the company’s interim report, its net income for the period increased by 28.3% to UAH 3 billion 211.957 million.
Retained earnings as of the end of September 2023 amounted to UAH 192.715 million.
At the same time, Interpipe Dnipropetrovs’k Vtormet earned a non-consolidated net profit of UAH 44.657 million in 9M2023, while it ended the same period last year with a net loss of UAH 54.081 million. The net income for the period corresponds to the same figure in the consolidated financial statements.
As reported, Interpipe Dnipropetrovs’k Vtormet posted a consolidated net profit of UAH 25.460 million in the first half of the year, while it ended the same period last year with a consolidated net loss of UAH 38.239 million. Net income for the period increased by 38.6% to UAH 2 billion 155.760 million.
In January-June of this year, the company posted a non-consolidated net profit of UAH 25.637 million, while it ended the same period last year with a net loss of UAH 35.344 million. “In the first quarter of 2023, Interpipe Dnipropetrovs’k Vtormet earned UAH 15.480 million in profit, while it ended the same period last year with a net loss of UAH 16.57 million. Net income for the period increased by 32.5% to UAH 1 billion 111.279 million.
“Interpipe Dnipropetrovs’k Vtormet ended 2022 with a net loss of UAH 10.284 million, compared to UAH 14.234 million in net profit in 2021. At the same time, net income decreased by 51.8% to UAH 3 billion 276.74 million.
“Interpipe Dnipropetrovs’k Vtormet specializes in the procurement and processing of ferrous scrap in the Dnipro region and the subsequent sale of this product, including the preparation of metal charge for steelmaking plants.
As of the first quarter of 2023, Interpipe Limited (Cyprus) owns 98.6699% of the shares in Interpipe Dnipropetrovs’k Vtormet.
The company’s authorized capital is UAH 64.876 million.
The United States has provided Ukraine with two new powerful autotransformers that will operate in the Ukrainian grid and increase the reliability of energy supply to consumers in winter, NPC Ukrenergo reported.
“We sincerely thank the US government, the US Embassy in Ukraine and the USAID Energy Security Project for their assistance in the purchase and delivery of key equipment necessary for the Ukrainian energy infrastructure during the period of high winter loads,” the system operator wrote on its Facebook page on Friday.
“While Russia is sending missiles and drones at Ukraine’s power system, the United States is helping to keep it up and running. Together with Ukrenergo, this week we delivered two autotransformers to support the people of Ukraine this winter,” US Ambassador to Ukraine Bridget Brink wrote on social networking site X.
On Friday, December 1, special vehicles, emergency vehicles and bus service for passengers from the left bank to the right bank of the Podilsko-Voskresenskyi Bridge crossing were opened in Kyiv to ensure life support during martial law, Kyiv Mayor Vitali Klitschko said.
“At the first stage, bus route No. 111 will operate here in the direction of the metro station “Square of Ukrainian Heroes” – metro station “Livoberezhna,” Klitschko wrote in his telegram channel.
He emphasized that the Podilsko-Voskresenskyi bridge crossing is the largest of the transport infrastructure facilities in Kyiv and Ukraine: its length is more than 10 km.
“A few years ago, we planned and promised to ensure passenger traffic as the first stage of the facility’s launch. And today, it has finally happened! To all the skeptics and those who tried to block the work at the facility, I will say one thing: now look for other reasons for your manipulations,” the mayor added.
ArcelorMittal Kryvyi Rih Iron and Steel Works of Kryvyi Rih (AMKR, Dnipro region) intends to increase capacity utilization from 30% to 50% in 2024.
“In 2024, we plan to increase production and increase production capacity by operating two blast furnaces. Thus, the utilization of our production facilities will increase from 30 to 50 percent,” said Mauro Longobardo, CEO of AMKR, receiving a delegation from the German Embassy led by Ambassador Martin Eger at the plant.
The visit program included discussions with the plant’s management on the current state of the enterprise and its development prospects, as well as a visit to blast furnace production.
According to Longobardo, the plant is ready to increase production as soon as possible and support Ukraine in its post-war recovery. To this end, the company has retained its staff, avoided layoffs, and all production equipment is in working order despite power outages and even rocket attacks.
“We are also steadily pursuing the path of transformation into a company that consistently reduces its environmental impact. Several steps in this direction have already been taken, such as the closure of outdated facilities: coke oven batteries No. 1-2, a sinter plant for metallurgical production, as well as the commissioning of such modern production facilities as coke oven batteries No. 5-6,” the CEO said, as quoted by the press service.
In turn, Yeher, discussing Ukraine’s postwar recovery, noted that “when the time comes for postwar reconstruction, it is important not to return the facility to its prewar state but to bring it to a modern level.”
“We have to rebuild the best. Especially since Ukraine will be a member of the European Union. I am confident that all this can be achieved, and ArcelorMittal will play an important and demonstrative role in this process,” the German ambassador summarized.
“ArcelorMittal Kryvyi Rih is the largest rolled steel producer in Ukraine. It specializes in long products, including rebar and wire rod.
ArcelorMittal owns the largest mining and metallurgical plant in Ukraine, ArcelorMittal Kryvyi Rih, and a number of small companies, including ArcelorMittal Berislav.
Mittal Steel Corporation acquired a 93.02% stake in Kryvorizhstal in an open tender on October 24, 2005 for UAH 24.2 billion at a starting price of UAH 10 billion, after which the plant was renamed Mittal Steel Kryvyi Rih and later ArcelorMittal Kryvyi Rih.
Arcelor Mittal Duisburg GmbH (Germany) owns 95.1283% of AMKR shares.
The authorized capital of the plant is UAH 3 billion 859.533 million.
Import of goods in Jan-Sept 2023 in most important positions to previous 2022
Source: Open4Business.com.ua and experts.news
