“Ukrnafta” is preparing for the fall-winter period amid ongoing Russian attacks on civilian oil and gas production infrastructure.
Bogdan Kukura, Chairman of the Board of Ukrnafta, and Serhiy Fedorenko, Acting Chairman of the Board of Naftogaz of Ukraine, visited Ukrnafta’s production units in northern and eastern Ukraine.
“The main focus is on people’s safety and the protection of production facilities. Our top priority is to safeguard our personnel and minimize the consequences of possible attacks,” said Bogdan Kukura, Chairman of the Board of JSC “Ukrnafta.”
During the visit, they inspected shelters for employees, warning systems, and the availability of personal protective equipment. They also specifically checked the security status of production facilities and the units’ readiness for operations during the fall and winter months.
The company continues to strengthen security measures and prepare its production infrastructure to operate under conditions of constant threats. The primary objective is to protect people and ensure the stable operation of production facilities.
JSC “Ukrnafta” is Ukraine’s largest oil producer and operates the country’s largest national network of gas stations—UKRNAFTA. In 2024, the company began managing Glusco’s assets. In 2025, it finalized a deal with Shell Overseas Investments BV to acquire the Shell network in Ukraine. In total, it operates nearly 700 gas stations.
The company is implementing a comprehensive program to resume operations and modernize the format of the gas stations in its network. Since February 2023, it has been issuing its own fuel vouchers and “NAFTACard” cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
The largest shareholder of Ukrnafta is NJSC Naftogaz of Ukraine, with a stake of 50% + 1 share.
In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state the portion of the company’s corporate rights that belonged to private owners; this portion is now managed by the Ministry of Defense.
The Verkhovna Rada has appointed Serhiy Koretsky, chairman of the board of NAK “Naftogaz of Ukraine,” as Prime Minister of Ukraine.
His nomination, put forward by President Volodymyr Zelenskyy, was approved by 289 members of parliament during a session on Thursday.
As prime minister, Koretskyi replaced the former head of the Ukrainian government, Yulia Svyrydenko, who had held the position for exactly one year, beginning on July 17, 2025.
Koretsky was born on March 14, 1978, in Lutsk. He received his higher education at Lutsk Technical University, majoring in “Mechanical Engineering” and “Business Economics,” as well as at the Ivano-Frankivsk National Technical University of Oil and Gas, where he majored in “Oil and Gas Production.”
He rose through the ranks from junior analyst at the Continuum Group of Companies (since 1999) to CEO of Continuum (since 2007).
From 2013 through the end of 2018, he developed the WOG gas station chain as CEO.
He then began working on his own projects. He was a co-founder and chairman of the board of the energy trader Centurion Group SA (Switzerland).
From November 9, 2022, he served as director of PJSC “Ukrnafta” and PJSC “Ukrtatnafta.” Since May 14, 2025, he has been chairman of the board of NJSC “Naftogaz of Ukraine.”
According to the “Chesno” movement, from 2002 to 2006 and from 2012 to 2014, he served as a volunteer assistant to Ihor Yeremeyev, a member of the Verkhovna Rada of the 4th and 7th convocations.
In 2006, he ran for the Volyn Regional Council of the 5th convocation as a candidate for the Lytvyn People’s Bloc, and also for the Verkhovna Rada of the 5th convocation as a candidate for the same bloc.
From 2007 to 2012, he served as a volunteer assistant to Kateryna Vashchuk, a member of the Verkhovna Rada of the 6th convocation elected from the Lytvyn Bloc.
Koretsky declared 32.3 million hryvnias in income for 2025, land plots with a total area of 261,600 square meters in the Donetsk Oblast, and six watches from the brands Rolex, Patek Philippe, Breguet, OPUS, and Ulysse Nardin, among others.
GOVERNMENT, Koretsky, NAFTOGAZ, PRIME MINISTER, VERKHOVNA RADA
According to the results for 2025, the Naftogaz Group reported consolidated profits of UAH 5.83 billion, which is approximately six times less than the figure for 2024, as stated in Government Order No. 400-r dated April 29, 2026, published on the Government Portal.
“To approve consolidated profit in the amount of UAH 5,830,390,868 in accordance with the company’s consolidated financial statements for 2025, of which the profit attributable to the company’s shareholder amounts to UAH 3,232,964,605,” the decree states.
According to the order, 30% of the profit, amounting to UAH 969.9 million, will be allocated for dividend payments to the state budget, while 70% of the profit, amounting to UAH 2.26 billion, will be used to fulfill the company’s statutory objectives.
In addition, net profit in the amount of UAH 1.65 billion was approved in accordance with the company’s separate financial statements for 2025, of which 5%, amounting to UAH 82.3 million, is to be allocated to reserve capital.
It is noted that the government has taken note of the report by the independent auditor, KPMG Audit.
As reported, based on the results for 2024, the Naftogaz Group generated nearly UAH 38 billion in net consolidated profit, which is UAH 15 billion, or 64%, more than in 2023.
According to the company, all key business segments demonstrated growth: gas production, transportation and storage, sales and distribution, and the sale of electricity and heat.
At the same time, the group’s gross profit for 2024 rose to 89.1 billion UAH compared to 48.5 billion UAH in 2023. At the same time, operating profit for 2024 amounted to 51.1 billion UAH, which is nearly 13.3 billion UAH, or 32%, higher than the corresponding figure for the previous period.
Naftogaz’s financial results were confirmed by an independent international audit conducted by KPMG.
The Naftogaz Group paid 21.739 billion UAH in taxes to budgets at all levels in January–March 2026, the company reported on Wednesday.
Of this amount, 19.7 billion UAH went to the state budget, and over 2 billion UAH to local budgets.
“Despite widespread destruction and constant Russian attacks on oil, gas, and energy infrastructure, Naftogaz remains a reliable taxpayer to the state budget,” said Serhiy Koretskyi, Chairman of the Board of NJSC Naftogaz of Ukraine.
The company added that the Naftogaz Group remains one of the largest taxpayers in Ukraine.
As reported, Naftogaz Group companies paid 44.4 billion hryvnias in taxes during the first six months of 2025, of which 40.7 billion hryvnias went to the state budget.
Naftogaz of Ukraine has attracted an additional €50 million from the European Investment Bank for gas imports, the company said
“Another important step to get through the winter stably. Naftogaz has attracted an additional €50 million in financing from the European Investment Bank,” Naftogaz said in a statement on Telegram on Thursday evening.
According to the statement, these funds will be used to import gas and support the energy system during peak loads, when cold weather and shelling create the greatest pressure.
It is noted that the loan was made possible thanks to the support of the European Commission.
As indicated by Naftogaz, this financing complements the EUR 300 million EIB loan and EUR 127 million in EU grant support with the participation of the Norwegian government that have already been raised.
“It is also important to note that Naftogaz has committed to reinvesting the equivalent of this amount in renewable energy projects,” the company said.
Naftogaz Group increased electricity imports from Europe this week based on a government decision and with the aim of stabilizing the situation in the energy system, said Sergey Koretsky, chairman of the board of Naftogaz of Ukraine.
“The volume of imported electricity already covers more than 50% of the needs of all the Group’s enterprises, as provided for by the government’s resolution,” he said in a Facebook post on Saturday.
Koretsky explained that the corresponding amount of electricity has been allocated for the needs of domestic consumers.
“We are coordinating our actions with the government in order to stabilize the situation in the energy system as quickly as possible after the Russian shelling,” the chairman of the board of Naftogaz emphasized.
As reported, amid the deteriorating situation in Ukraine’s energy system due to massive Russian shelling of energy infrastructure, the government has instructed state-owned companies to increase electricity imports.
During the “Question Time to the Government” in the Verkhovna Rada on January 16, First Deputy Prime Minister of Energy Denys Shmyhal pointed out that, on behalf of the government, Naftogaz of Ukraine, Ukrzaliznytsia, and part of the industrial complex will import at least 50% of their electricity needs.
“This will make it possible to free up 1.5 MW for people’s needs. I hope this will happen in the coming days,” Shmyhal said at the time.
