Business news from Ukraine

Business news from Ukraine

SMART ENERGY COMMISSIONS NEW 4,620-METER WELL IN KHARKIV REGION

PJSC Ukrgazvydobutok (part of Smart Energy Group) has commissioned a new appraisal and production well on Ostroverkhovske gas condensate field in Kharkiv region, the press service of the group has said.
According to its data, the depth of the well is 4,620 meters, drilling was successfully completed in April 2018.
“Due to the successful implementation of technical solutions we managed to obtain a commercial flow of gas from the Visean deposits at the level of 90,000 cubic meters per day. This figure is 30% higher than the expected output,” Technical Director of Smart Energy Viktor Dudzych said.
The press service noted that the drilling of well No. 10 of Vasyschevske deposit (Kharkiv region) is also underway.
Smart Energy is the managing company in Smart-Holding Group of Vadim Novinsky. It is responsible for the development of projects in the field of hydrocarbon production and alternative energy.

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UKRAINIAN COMPANY LAUNCHES 14TH OWN ASPHALT-CONCRETE PLANT IN KHARKIV REGION AND 5TH ITALY’S MARINI FAYAT GROUP PLANT

Odesa-based Automagistral-Yug has launched an asphalt-concrete plant in the settlement of Derhachi in Kharkiv region, the company’s press service has reported. “We are launching the 14th own asphalt plant in Ukraine and the fifth plant of Italy’s Marini Fayat Group. Thanks to the construction of a new plant, we can hourly produce up to 320 tonnes of asphalt, which is more than 3,500 tonnes per shift, which today is a record indicator for similar enterprises in Ukraine,” Automagistral-Yug Director General Mykola Tymofeyev said. According to the company, the amount of investment in the new production plant was more than EUR 3 million. According to the report, the plant’s products will be sent to the asphalt-concrete coating on the P46 Kharkiv-Akhtyrka road, as well as on the M-03 Kyiv-Kharkiv-Dolzhansky highway and T2104 Kharkiv-Vovchansk road.
According to Tymofeyev, the total amount of work on the roads will be 80 km and will be completed by the end of the year.

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AGROLIGA GROUP COMPLETES CONSTRUCTION OF INNOVATIVE OIL EXTRACTION PLANT IN KHARKIV REGION

Agroliga Group (Kharkiv region) has completed the construction of an innovative oil extraction plant in Nova Vodolaha (Kharkiv region).
According to a report on the group’s website, equipment diagnostics and the testing of technological processes will now be carried out within two months. The inspection is aimed at identifying and eliminating possible defects in the installation of electrical equipment.
After completion of the commissioning works, the plant will be put into operation.
As reported, the total cost of construction and procurement of all necessary components and equipment for the oil extraction plant was estimated at $9 million, of which $6.7 million was financed at the expense of external sources.
The new plant will have the opportunity to change the volume of processing of raw materials in the range from 100,000 tonnes to 170,000 tonnes without additional investment in equipment, and if extra investments are attracted, the capacity could be raise up to 280,000 tonnes per year.
The plant will also be able to reconfigure the equipment for soybean and rapeseed oil production without additional investment in equipment.
Agroliga has been operating in the Ukrainian agricultural market since 1992. Its enterprises are engaged in growing grains, processing sunflower seeds and dairy farming.

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SMART ENERGY OFFERS UKRGAZVYDOBUVANNIA TO RESUME GAS WELL IN KHARKIV REGION

The Smart Energy Group has sent a proposal to Ukrgazvydobuvannia to resume one of the wells of the Hostroverkhivske field (Kharkiv region), the group’ press service has reported. The deposit use license for the field belongs to Smart Energy, while the well belongs to Ukrgazvydobuvannia.
Ukrgazvydobuvavnnia, which is wholly owned by NSJC Naftogaz Ukrainy, is a large gas processing company, which accounts for about 75% of total gas output in the country.
Smart Energy is the managing company in Smart-Holding Group of Vadim Novinsky. It is responsible for the development of projects in the field of hydrocarbon production and alternative energy.

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