Business news from Ukraine

Business news from Ukraine

After rebranding, Ukrnafta filling station network now has 662 stations, competing with OKKO

Ukrnafta JSC continues its rebranding program for filling stations acquired from Shell, adding eight more complexes in the Kyiv region to its UKRNAFTA brand.

“The renewal of the UKRNAFTA gas station network continues — we are expanding our presence in the Kyiv region. From now on, eight more rebranded complexes are ready to welcome customers,” the company announced on Facebook.

According to the company, this includes the renovated gas stations on Stolichnoe Highway in the direction of Obukhiv, on the Kyiv-Chop highway within Korostyshiv, and on the Kyiv-Kharkiv highway near Boryspil and within Berezan.

In addition, gas stations in the city of Uzyn in the Bila Tserkva district, in the city of Skvyra in the direction of Zhytomyr, and in the center of the city of Pereyaslav have been rebranded.

“Stop by. Refuel. Relax,” Ukrnafta emphasized.

As reported in August this year, citing former Ukrnafta commercial director Serhiy Fedorenko, Ukrnafta acquired 131 gas stations from Shell, 118 of which are operational, while the rest are located near the front line or in temporarily occupied territories. After closing the deal, the company planned to consolidate its position as the largest network in Ukraine, with the number of its gas stations set to increase by 22% to 663. Its closest competitor, OKKO, has 410 gas stations.

Under the agreement with Shell, Ukrnafta must complete the rebranding of its gas stations, the cost of which is insignificant on a network scale, by the end of February 2026. In turn, the cost of rebranding, which includes the renovation and standardization of gas stations and will take several years, will be significant but justified.

Ukrnafta is Ukraine’s largest oil producer and operates the national gas station network. In March 2024, it took over the management of Glusco’s assets and currently operates a total of 662 gas stations.

The company holds 92 special permits for industrial development of deposits. It has 1,832 oil and 154 gas production wells on its balance sheet.

The largest shareholder of Ukrnafta is Naftogaz of Ukraine with a 50%+1 share. In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer the company’s corporate rights, which belonged to private owners, to the state, and they are currently managed by the Ministry of Defense.

Ukrnafta’s net profit for 2024 was UAH 16.38 billion.

, , , ,

“OKKO” has installed rooftop solar power plants at 244 filling stations – total capacity 5.9 MW

The total capacity of SPPs in the network of OKKO filling stations has reached 5.9 MW: these are stations at 244 filling stations, 40 of which were put into operation in the first half of 2025, the company’s press service reports.

“In the first half of 2025, OKKO commissioned rooftop SPPs at 40 more filling stations, as well as on the building of its trucking company. Thus, 244 filling stations of the network are already meeting part of their electricity needs with sunlight. Their total capacity now reaches 5.9 MW,” the company said in a release on Monday.

It is specified that the capacity of its rooftop SPPs is mainly 15-25 kW, although there are several stations with 50-65 kW.

“Depending on the capacity, electricity consumption, configuration, and other factors, one such SPP can cover 15% to 55% of the daily consumption of gas stations during the period of active generation,” the company said.

According to the press release, OKKO intends to continue solar electrification of its filling stations, and in the coming years, rooftop SPPs may be installed at about 100 more of them, where there are technical possibilities for this.

It is specified that OKKO will invest UAH 30 million (including VAT) in the SPP project at its filling stations in 2025.

“It is expected that in 2025 the total generation of solar stations at OKKO filling stations will exceed 5 million kWh,” the release says.

As reported with reference to Vasyl Danyliak, CEO of OKKO Group, OKKO Group, which includes the operator of the eponymous filling station network, Concern Galnaftogaz, plans to have approximately 600 MW of capacity in wind power, 200 MW in solar power and 150 MW in energy storage facilities over the next five years.

The network under the OKKO brand includes approximately 400 filling stations.

 

, ,

Parallel opens new filling station in Kyiv on Kiltseva Road

Parallel has opened its first filling station in Kyiv (Kiltseva Road, 6B), the company’s website reports.

It has five fuel dispensers and offers the necessary modern services. In total, this is the 11th Parallel filling station in the capital region and the 31st in the network.

According to the report, the company plans to further develop the network both by opening new filling stations and expanding the number of partner complexes operating under the Parallel brand.

“The new complex has become a symbol of renewal for us – we have lost about 80% of all filling stations in eastern Ukraine, but this does not stop us. Ukrainians never give up, no matter what difficulties they face,” said Parallel owner and CEO Alexander Dubinin.

As reported earlier, in the fall of 2020, Rinat Akhmetov’s SCM financial and industrial holding sold the Parallel filling station chain to Naftainvest 2020 LLC. At that time, the company sold its fuel at 60 filling stations in Dnipropetrovska and Zaporizka oblasts and the government-controlled areas of Donetsk and Luhanska oblasts.

According to opendatabot, Parallel-M LTD, whose ultimate beneficiary is Oleksandr Dubinin, increased its revenue by 1.9 times to UAH 4.831 billion in 2023 and posted a net loss of UAH 0.978 million, compared to UAH 1.624 million in net profit in 2022.

In 2023, the company’s liabilities increased to UAH 4.018 billion compared to UAH 1.913 billion in 2022, and its assets increased to UAH 4.532 billion compared to UAH 2.369 billion in 2022.

,