JSC Ukrnafta and the Finnish company Wärtsilä signed a framework agreement on the supply of complete equipment for gas piston power plants during a meeting between Finnish Prime Minister Petteri Orpo and the Ukrainian side, announced First Deputy Prime Minister and Minister of Energy of Ukraine Denys Shmyhal.
“Together with the Finnish-Ukrainian Investment Facility (FUIF) and JSC Ukrnafta, we are implementing a phased program to deploy distributed gas piston power generation,” he wrote on Telegram.
According to Shmyhal, as part of the first phase, an EUR 80 million loan from the EBRD has already been secured, a loan agreement has been signed, a state guarantee has been confirmed, and procurement is underway in accordance with EBRD procedures.
For the subsequent phases, Ukraine plans to use FUIF funding to scale up the program, specifically by installing gas piston power plants based on Wärtsilä equipment.
The First Deputy Prime Minister added that all relevant projects are aimed at promptly strengthening the energy security of the regions, balancing Ukraine’s integrated power grid, and securing critical infrastructure.
Over the two years of the updated state support program, Ukrainian agricultural producers have purchased domestic agricultural machinery and equipment totaling over 10.5 billion UAH (including VAT), according to the press service of the Ministry of Economy, Environment, and Agriculture.
According to the ministry’s report, between April 2024 and February 2026, 8,982 enterprises took advantage of the opportunity for partial reimbursement of costs (25%). During this period, farmers purchased 14,611 units of equipment, and the total amount of funds disbursed by the state reached $2.2 billion.
“For farmers, this is a beneficial tool for modernizing their equipment fleet, and for manufacturers, it means an increase in orders. Since April 2024, the list of equipment eligible for state compensation has grown more than 14-fold. Funding for the program has already been allocated for 2026,” noted Minister of Economy, Environment, and Agriculture Oleksiy Sobolev.
The 2026 budget allocates $1.8 billion for the implementation of the state program. The first $126.1 million has already been disbursed to 382 manufacturers who submitted applications this winter. Farms in the Ternopil, Poltava, Cherkasy, Kirovohrad, and Vinnytsia regions were the most active buyers of equipment.
The official list of eligible equipment currently includes 14,425 items from 166 Ukrainian manufacturers. The ministry also noted that, starting in April 2026, the compensation rate for farmers in frontline areas has been increased to 40%.
JSC “Ukrnafta” has implemented a corporate system for maintenance and repair (M&R) management and has begun putting it into practical use, according to a press release issued by the company on Tuesday.
“The goal is to create a unified electronic system for managing production assets: from equipment inventory to the analysis of maintenance and repair costs,” the press release stated.
The company explained that this essentially involves creating a “digital twin,” which allows for more accurate work planning, cost forecasting, and more efficient use of resources.
Since February 2026, the system has been in pilot operation at Ukrnafta’s regional divisions.
The project is being implemented based on the EAM (Enterprise Asset Management) approach. It encompasses 16 modules and 39 end-to-end business processes at Levels 1 and 2, ensuring management of the full lifecycle of production assets.
According to Ukrnafta, one of the project’s key priorities is the creation of a unified equipment database. Approximately 47,000 fixed assets have already been identified, of which 39,000 (over 80%) have been uploaded to the system. Approximately 8,000 repair objects have been created, over 150 types of equipment (more than 4,800 models) have been standardized, and more than 7,000 units of technical documentation have been uploaded.
A digital passport is created for each object, containing a complete history of repairs, defects, downtime, and relocations.
In addition, a maintenance and repair (M&R) standards database has been created: over 10,000 process charts contain per-operation labor costs, standards, a list of tools, and qualification requirements. All resources are integrated with the ERP system, enabling the automation of procurement requests and order generation.
The request management process (BPMN 2.0) has also been standardized—from defect recording to analysis of completed work and transfer of costs to the ERP. Approximately 500 typical defects have already been defined for the analysis of technical failures.
The system is integrated with the ERP, ensuring transparent financial accounting of repairs and cost control at every stage.
“We are systematically transitioning to a digital model of production asset management. This is not a standalone IT project, but a shift in the approach to production management. The system enables control at all stages—from equipment condition and work planning to costs and performance results,” said Ukrnafta CEO Bohdan Kukura, as quoted by the press service.
According to him, this results in increased process transparency, execution discipline, and the quality of management decisions.
In turn, as explained by Oleg Deberyna, head of the maintenance and repair system implementation department, Ukrnafta is effectively creating a unified digital asset management system that enables real-time monitoring of equipment status, work planning, and control over resources and costs.
“It is important that the system covers the entire cycle—from defect recording to failure root cause analysis and management decision-making. This significantly improves the efficiency and manageability of production processes,” he added.
As the company summarized, the implementation of the M&R system represents a shift in the approach to asset management: unified rules for working with equipment, standardization of processes, enhanced data management, and improved production reliability and safety.
The next stage is scaling the system to all of the company’s structural units, including internal services. Implementation will proceed in phases until mid-2027.
JSC “Ukrnafta” is Ukraine’s largest oil production company, carrying out a full cycle of activities in the field of production: exploration, oil and gas production, provision of oilfield services, as well as management of the largest network of gas stations in Ukraine, UKRNAFTA.
The company has over 1,106 oil wells and 131 gas wells on its balance sheet.
The shareholders of JSC “Ukrnafta” are NJSC “Naftogaz of Ukraine” and the Ministry of Defense of Ukraine. Since 2022, the company has been under state management and is implementing a large-scale business transformation.
UKRNAFTA is Ukraine’s largest network of gas stations, comprising nearly 700 stations and ranking among the top three in terms of fuel sales volume. The UKRNAFTA brand consolidates networks that previously operated under the Glusco, Shell, and U.Go brands.
The agricultural holding company Continental Farmers Group (CFG) has allocated $23.9 million to upgrade and modernize its fleet of machinery, the company’s press service reported.
“Continental is consistently implementing its investment plans, maintaining a focus on the systematic renewal, standardization, and modernization of its fleet. This approach enhances operational efficiency, cost predictability, and the technological resilience of the business,” emphasized Georg von Nolken, CEO of the agricultural holding.
According to the report, the agricultural holding’s fleet was expanded with 17 tractors of various power ratings, nine self-propelled sprayers, seven seeders, four cultivators, as well as trailer and warehouse equipment. In addition, the company purchased two grain harvesters and one potato harvester.
“Continental” has also expanded its logistics division and purchased 14 new tractor-trailers with semi-trailer dump trucks and five cargo trucks. The agricultural holding explained that this is another step toward creating a closed-loop logistics cycle “from field to elevator,” which will reduce dependence on external carriers.
All new equipment is integrated into the precision farming system. The units support automatic section control, operation based on task maps, and remote monitoring, which allows for the optimization of seed, fertilizer, and fuel costs.
Continental clarified that the purchased machines are already being used in the 2026 spring planting campaign.
The Mriya agricultural holding and CFG, united under the name “Continental Farmers Group,” have been operating as a single business since November 2018, when Mriya signed an agreement with the international investor Salic UK regarding the sale of assets.
Salic was founded in 2012. Its sole shareholder is the Saudi Arabian Public Investment Fund, which invests in agricultural and livestock production.
JSC “Ukrnafta” has purchased and commissioned modern equipment for well logging and formation fluid analysis, which will improve the accuracy of geological and engineering decisions and reduce data acquisition time, the company announced on Tuesday.
“Developing our own research base is a strategic component of the oil and gas company’s operations,” said Bohdan Kukura, chairman of the board of Ukrnafta.
According to him, previously some of the research was carried out by external contractors, which limited the speed of analysis, but now the company has its own analytical base, thanks to which it has improved the quality of field development planning and reduced the time required to make technical decisions.
“At the same time, we are building the capacity to provide research services to other subsoil users as a separate business line,” added Kukura.
Ukrnafta, in particular, has acquired its own PVT (Pressure-Volume-Temperature) unit—laboratory equipment for studying the physical properties of reservoir fluids (oil, gas, condensate) under high-pressure and high-temperature conditions. This makes it possible to analyze the characteristics of hydrocarbons directly under reservoir conditions.
In addition, downhole pressure gauges have been purchased and are being used to measure pressure at the wellbore and along the wellbore, echo-logging dynamographs to determine fluid levels, generate dynamograms, and analyze the performance of well equipment, mini-PLT—compact logging tools, as well as samplers for the sealed collection of deep samples of water, oil, gas, or oil-gas mixtures from a specified depth.
JSC “Ukrnafta” is Ukraine’s largest oil production company, carrying out a full cycle of activities in the production sector: exploration, oil and gas production, provision of oilfield services, as well as management of the largest network of gas stations in Ukraine, UKRNAFTA.
The company has over 1,106 oil wells and 131 gas wells on its balance sheet.
By the end of 2025, Ukrnafta became the leader in the extraction industry with a turnover of UAH 99.4 billion, as reflected in Opendatabot’s Index of Top Companies.
The UKRNAFTA network is the largest network of gas stations in Ukraine, comprising nearly 700 stations and ranking among the top three in terms of fuel sales volume. The UKRNAFTA brand consolidates networks that previously operated under the Glusco, Shell, and U.Go brands.
The shareholders of JSC “Ukrnafta” are NJSC “Naftogaz of Ukraine” and the Ministry of Defense of Ukraine. Since 2022, the company has been under state management and is undergoing a large-scale business transformation.
Agricultural holding Astarta, Ukraine’s largest sugar producer, has purchased over 50 units of agricultural machinery and components with a total value of over $5.2 million for spring fieldwork, the holding announced on Facebook.
“Systematic investments in modern equipment allow us to optimize operational processes, reduce costs, and lessen the environmental impact, particularly by reducing our carbon footprint,” said Astarta’s Chief Operating Officer Vasyl Chmeliuk.
The list of purchased equipment includes heavy-duty and small tractors, planting complexes, precision seeders, and other equipment. The majority of the fleet has already been delivered to production sites. The modernization is aimed at implementing precision and regenerative farming practices, as well as optimizing soil cultivation processes.
Astarta clarified that the infrastructure upgrade is part of a long-term investment strategy. By the end of 2025, the holding’s total investments in modern equipment amounted to approximately $22 million.
Astarta is a vertically integrated agro-industrial holding operating in eight regions of Ukraine. It comprises six sugar factories, agricultural enterprises with a land bank of 220,000 hectares and dairy farms with 22,000 head of cattle, an oil extraction plant in Hlobine (Poltava region), seven grain elevators, and a biogas complex.
According to the results for 2025, Astarta reduced its total revenue from sales of key product categories by 15.6% compared to 2024—to UAH 21.05 billion—while physical sales volumes of its main products fell by 23.5%—to 1.21 million tons.
