Business news from Ukraine

“Ukrnafta” sold 52.6 mln liters of fuel under coupons and cards

In January-March 2024, PJSC Ukrnafta sold 52.6 million liters of fuel using coupons and NAFTACard, including 18.7 million liters in March.
According to the company’s Facebook post, a total of 140.4 million liters of fuel have been sold since the beginning of 2023, when the company launched its own B2B program.
The number of customers – public and private enterprises – has exceeded 3,000, and regional sales offices have been opened in Ivano-Frankivsk, Odesa, Dnipro, Lutsk, Khmelnytsky, Vinnytsia, Kamianets-Podilskyi, Kharkiv, Zaporizhzhia, Poltava, Lviv, Cherkasy, and Mukachevo.
The company has also signed six inter-company agreements for coupons and nine for cards. Ukrnafta’s coupons are accepted at 866 filling stations and cards at 1003 filling stations across the country, including such networks as SOCAR, Ovis, VST, etc.
As reported, in 2023 Ukrnafta increased oil and condensate production by 3% (by 39.9 thousand tons) compared to 2022, to 1 million 409.9 thousand tons, and gas production by 5.8% (by 60.4 million cubic meters), to 1 billion 97.4 million cubic meters.
The company’s strategic goal is to double oil and natural gas production to 3 million tons and 2 billion cubic meters by 2027, respectively.
“Ukrnafta is the largest oil company in Ukraine and operates a national network of 537 filling stations, of which 456 are in operation. The company is implementing a comprehensive program to restore operations and update the format of its filling stations. Since February 2023, Ukrnafta has been issuing its own fuel coupons and NAFTAKarta cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50%+1 share. On November 5, 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state a share of corporate rights of the company owned by private owners, which is now managed by the Ministry of Defense.

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KYIVSTAR INCREASES NUMBER OF M2M CARDS IN NETWORK BY 23% IN ONE YEAR

The Kyivstar mobile communications operator increased the number of М2М Sim cards (machine-to-machine) by 23% in July 2018 compared with July 2017, to 1.4 million.
The operator reported on its website that among leaders that used М2М Sim cards are security, finance, retail, energy spheres and agriculture, and one of the growth factors is development of the Internet of Things (IoT).
According to the operator, corporate clients have 92% of M2M cards: initially the technology was developed to automate business processes.
In a year, the number of М2М Sim cards among individuals grew by 78%.
“Our customers more often use smart devices with M2M SIM cards installed in them. Kyivstar has joined the projects with a large network player who not only works with a variety of different sensors, but can also ensure their reliable operation by creating an ecosystem for associations of M2M-cards and sensors,” Kyivstar director for business development in the corporate market Yevhen Krazhan said.
The company said that the largest share of M2M SIM cards Kyivstar (37%) is used for security systems of houses, offices, cars and other property.
M2M cards are used to automatically transfer data from a device to another device.

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