On January 19, Ukrnafta JSC signed two agreements with Alliance Holding LLC for the sublease of gas stations (AZK) for a total amount of UAH 841.9 million, Nashe Groshi reported on February 4, citing information in the Prozorro system.
“Until September 30, 2028, Ukrnafta has subleased 117 property complexes – immovable and movable property of gas stations across Ukraine,” the publication noted.
In particular, UAH 715.9 million accounts for 99 gas stations that Alliance Holding leases from their owner, Invest-Region LLC, and another UAH 126 million accounts for 18 gas stations that Alliance Holding leased from the same company.
The founder of Invest-Region is Alliance Holding.
“The sublease fee will be determined based on a calculation of 1.74 UAH including VAT for each liter of fuel sold by Ukrnafta at these gas stations. The price of the contracts is fixed for the entire term,” Nashi Hroshi reported.
As reported, in December 2025, UKRNAFTA announced the completion of the rebranding of all 118 gas stations that previously operated under the Shell brand.
Prior to that, in August 2025, Ukrnafta and Dutch Shell Overseas Investments BV (Netherlands) finally completed the agreement on the acquisition by Ukrnafta of a 51% stake in Alliance Holding, which owned a network of 118 gas stations under the Shell brand in Ukraine.
The joint venture between Shell and Mussa Bazhaev’s Russian Alliance Group to manage the network of gas stations in Ukraine began operations in August 2007. Shell owned a 51% stake in the joint venture, while Alliance owned 49%. Alliance transferred about 150 gas stations to the joint venture, while Shell contributed cash, licenses, and the brand.
In 2014, it became known that sanctioned Russian businessman Eduard Khudainatov had bought Bazhaev’s oil assets. In June 2022, he was sanctioned by the European Union, and in October 2022, by Ukraine.
In October 2023, the Ministry of Justice of Ukraine filed a lawsuit with the High Anti-Corruption Court of Ukraine to recover Khudainatov’s assets for the state. As a result of court proceedings, 49% of Alliance Holding was recovered for the state. In April 2024, this share was transferred to the State Property Fund.
In November 2024, Overseas Investments, part of Shell’s group of energy and petrochemical companies, registered 51% of the authorized capital of Alliance Holding in accordance with the decision of the Appeals Chamber of the High Anti-Corruption Court.
In January 2025, the Antimonopoly Committee of Ukraine granted Ukrnafta permission to purchase more than 50% of the shares of Alliance Holding LLC.
Thus, Alliance Holding is currently 51% owned by Ukrnafta and 49% by the State Property Fund.
JSC Ukrnafta is Ukraine’s largest oil production company and operates the largest national network of filling stations, UKRNAFTA. The company has 1,807 oil and 164 gas production wells on its balance sheet.
In 2024, the company entered into an asset management agreement with Glusco. In 2025, it completed a deal with Shell Overseas Investments BV to purchase the Shell network in Ukraine. In total, it operates 663 gas stations.
The company is implementing a comprehensive program to restore operations and upgrade the format of its network of gas stations. Since February 2023, it has been issuing its own fuel vouchers and NAFTAKarta cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
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 now managed by the Ministry of Defense.
Ukrnafta JSC announces a commercial procurement for the provision of road transport services for light petroleum products to supply its network of filling stations.
Due to the expansion of its network and increased sales of petroleum products, the company invites qualified suppliers of oil and gas products to submit commercial proposals.
The procurement will take place on the platform https://zakupivli.pro/ in two stages; proposals submitted by other means will not be considered.
For more detailed information on participation in commercial procurement and the selection process, please contact us by email: Dmytro.Sles@Ukrnafta.com or follow this link.
Commercial proposals will be accepted until January 27, 2026, inclusive.
We are looking forward to working with reliable partners!
JSC Ukrnafta is Ukraine’s largest oil production company and the operator of the largest national network of gas stations, UKRNAFTA. In 2024, the company entered into asset management with Glusco. In 2025, it completed an agreement with Shell Overseas Investments BV to purchase the Shell network in Ukraine. In total, it operates 663 gas stations.
The company is implementing a comprehensive program to restore operations and update the format of its network of gas stations. Since February 2023, it has been issuing its own fuel vouchers and NAFTAKarta cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
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 now managed by the Ministry of Defense.
The UPG gas station chain has relaunched the first 100 gas stations that previously operated under the ANP and Avias brands, the company said in a press release on Thursday.
“The company is steadily expanding its network within the lease of 447 filling stations across the country,” UPG said.
Currently, the relaunched gas stations are already operating in 13 regions of Ukraine — in Kyiv, Kirovohrad, Lviv, Poltava, Odesa, Volyn, Rivne, Mykolaiv, Dnipropetrovsk, Zaporizhzhia, Zhytomyr, and Zakarpattia regions, as well as in Kyiv.
According to a press release, the reopening of the first 100 gas stations has allowed the company to create more than 1,000 new jobs in the regions, with an average of 8 to 11 employees working at each station. Most of the employees at these gas stations are local residents, which contributes to economic activity in the communities. The average salary of employees in the UPG network is UAH 32,100 before tax, which is one of the highest in the industry.
The reopening of 100 gas stations also had a significant economic impact through investments in the restoration and development of critical energy infrastructure. According to the company’s forecasts, thanks to the operation of these stations, UPG will pay an additional UAH 3.6 billion in taxes and fees in 2026.
“The expansion of the network is part of UPG’s long-term strategy, which involves strengthening its presence in the regions, creating jobs, and increasing tax revenues. The implementation of this strategy has been made possible by the company’s consistent work over the past few years, as well as investments in logistics, infrastructure, and cooperation with leading refineries in Europe and the US,” said UPG Group founder Volodymyr Petrenko, whose words are quoted in the press release.
The company continues to gradually launch other leased stations, expanding its presence in the regions. All leased gas stations are planned to be opened during 2026.
UPG is a Ukrainian group of companies specializing in the trade of petroleum products. UPG is one of the three largest operators in Ukraine in terms of the number of stations. The group has its own logistics infrastructure and supplies fuel directly from leading refineries in Europe and the US. The founder of UPG is Volodymyr Petrenko.
ANP, Avias, gas station, UPG
Ukrnafta announced which gas stations are operating without electricity and which gas stations have “unbreakable points.”
The enemy has once again intensified its attacks on the country’s energy infrastructure. The Chernihiv region has been hit the hardest, with 307,000 people left without power.
All UKRNAFTA gas stations—the largest single-brand network of gas stations in the country—continue to operate in the event of power outages. In total, there are 663 gas stations throughout Ukraine. There, you can always refuel your car with European-quality fuel.
Of these, 360 gas stations operate in “unbreakable point” mode. They are equipped with additional generators. There, people can warm up, drink hot tea or coffee, charge their phones, and access the internet.
“Massive attacks on energy infrastructure have led to power outages in a number of regions, including Chernihiv, Sumy, and others. The UKRNAFTA gas station network continues to operate even during power outages. We have provided backup power and conditions for visitors so that Ukrainians can refuel, warm up, and stay connected. Thank you to everyone who supports people and works even in the most difficult conditions,” said Yuriy Tkachuk, acting chairman of the board of JSC Ukrnafta.
JSC Ukrnafta is Ukraine’s largest oil producer and operator of the largest national network of gas stations, UKRNAFTA. In 2024, the company entered into asset management with Glusco. In 2025, it completed an agreement with Shell Overseas Investments BV to purchase the Shell network in Ukraine. In total, it operates 663 gas stations.
The company is implementing a comprehensive program to restore operations and upgrade the format of its network of gas stations. Since February 2023, it has been issuing its own fuel vouchers and NAFTAKarta cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
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 it is now managed by the Ministry of Defense.
A complete list of addresses of “unbreakable” UKRNAFTA gas stations can be found at: https://www.ukrnafta.com/data/news/2025/Perelik_punktiv_nezlamnosti.pdf
At its meeting on September 4, the Antimonopoly Committee of Ukraine (AMCU) granted permission to the private enterprise (PE) Ukrpaletsystem, which operates the UPG gas station network, to acquire control by leasing another 75 gas stations belonging to the ANP and Avias networks, which are part of the Privat group of companies.
This was announced by the head of the Antimonopoly Committee of Ukraine (AMCU), Pavlo Kyrylenko, on his Facebook page.
“75 applications for permits for Ukrpaletsystem to acquire control over 75 single property complexes—gas stations—were considered at today’s meeting. Positive decisions were made on all applications,” he wrote.
In particular, the AMCU granted Ukrpaletsystem permission to lease 75 gas stations belonging to 14 companies of the Privat group: Aylong Evolution LLC, Albiland, Angel Capital, Eurotrade Expo, Jasmine Trade, Corso Town, Like Invest, Leader Finance, Newport Holding, Perspektiva Pro, Sirius Gold, Sky Project, Sorella Oil, and Taros Group.
As reported, on August 14, the AMCU granted Ukrpaletsystem permission to acquire control by leasing 46 gas stations belonging to the Privat group, 47 on July 31, and 34 on July 10.
According to AMCU Chairman Pavlo Kyrylenko, the UPG gas station chain plans to become the third key player in the fuel market alongside WOG and OKKO.
“UPG has submitted numerous applications to the committee for permission to concentrate. Based on these, we can conclude that it has ambitious plans to become the third key player in the market alongside WOG and OKKO,” he said in an interview with Neftorink.
As he explained, UPG’s strategy is to acquire assets in stages: first by leasing, then by purchasing them.
“According to our calculations, this involves more than 550 properties. But in order to acquire them, the company must again apply to the AMCU and obtain another concentration permit.
It is necessary to closely monitor how this process will take place,” he said.
UPG (Ukrainian Petrol Group) is a Ukrainian network of fuel and recreation complexes operating in 20 regions of the country. It has its own logistics infrastructure, works with direct fuel supplies from leading refineries in Europe and the US, and maintains uniform quality standards at all stages: from laboratory testing of each batch and equipment maintenance to standardized recipes at VIVO cafe.
The company was founded by Volodymyr Petrenko.
AMCU, gas station, PRIVAT, UPG
On July 19, 2025, the UKRNAFTA filling station in Lviv will host a hot dog festival, during which a national record is planned to be set. Together with the street food brand Mr.Grill, the organizers plan to cook 1000 hot dogs in one hour.
The record will be recorded by representatives of the National Register of Records of Ukraine in the nomination: “The largest number of hot dogs cooked at a filling station in 60 minutes”.
The festival will take place at the following address:
м. Lviv, 300 Shevchenka St. (territory of the UKRNAFTA filling station).
The event starts at 12:00.
The slogan of the event: “Grab the summer by the hot dog!”
After the record is officially set, all the hot dogs will be distributed free of charge among the festival visitors.
The event will also feature a rich entertainment program, including:
Special activities have been prepared for children:
Official rules of the campaign are available here .
UKRNAFTA and its partners invite Lviv residents and guests to spend the day off together, bring their families, witness the record setting and generally join the festive atmosphere.
“Ukrnafta is the largest oil company in Ukraine and the operator of the national network of filling stations. In March 2024, the company took over the management of Glusco’s assets and operates a total of 545 filling stations – 461 owned and 84 managed.
The company is implementing a comprehensive program to restore operations and update the format of its filling stations. Since February 2023, the company 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.
In November 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.
