Demand for motor fuel during large-scale power outages may increase by 10-20%, and the fuel market is fully prepared for this, according to Yuriy Kuchabsky, OKKO’s vice president of procurement, wholesale sales, and new business.
“If there is a blackout, we are prepared. We estimate that there may be a 10-20% jump in fuel sales. The market will cope with this very easily,” he said during the “Energy that keeps Ukraine going” forum organized by RBC-Ukraine, which was recently held in Kyiv.
According to him, the reason to expect the market to be ready for surges in demand is primarily that it is not monopolized and has been tempered by various trials, including the loss of supplies from Russia with the start of a full-scale invasion, power outages, and Russian strikes on the Kremenchug oil refinery and oil depots.
“There was a test of endurance at the beginning of the summer when the Kremenchug oil refinery was bombed and it effectively disappeared from the market in a single day. In the same month, the number of importers increased sharply, by about 50 companies. And there was no shortage, the market was flooded. So there will be no disaster now either. The market has also learned to operate without oil depots so as not to create additional targets for the enemy,” Kuchabsky explained.
OKKO Group brings together more than 10 diverse businesses in the fields of manufacturing, trade, construction, insurance, services, and other services. The group’s flagship company is Halnaftogaz, which operates one of the largest gas station chains in Ukraine under the OKKO brand, with nearly 400 gas stations.
The founder and ultimate beneficiary of the group is Vitaliy Antonov.
The OKKO Group, which includes the operator of the Galnaftogaz concern’s network of gas stations, plans to commission its first 147 MW wind farm in Ivanychi, Volyn Oblast, by the end of 2025 or the first quarter of 2026, said Vasyl Danylak, CEO of OKKO GROUP holding and co-founder of GORO Mountain Resort.
“I hope that by the end of this year, or possibly in the first quarter of next year, we will commission a 147 MW wind farm, which we are building jointly with the EBRD, IFC, and CDB,” Danylak said during the Kyiv International Economic Forum in Kyiv on Thursday.
According to him, the Group has already “launched” a new wind energy project next to the first one – the 192 MW Zatyrintsy wind farm.
In addition, Danylak noted that OKKO has completed the first phase of its bioethanol plant and is building the GORO Mountain Resort hotel complex at a “good pace.”
“We have built the silo section and completed construction work on the large bioethanol plant itself, and we plan to commission it next year. Our hotel has been under construction for a year now, and progress is very good. I hope that in the coming years we will make a big mark on the tourist map not only of Ukraine but also of Europe,” the head of OKKO shared his plans.
He noted that the Group is motivated to make large investments by new opportunities that have recently opened up.
“On the one hand, the war is a great tragedy that has exposed a number of problems in various sectors, particularly in energy. It turned out that the huge Soviet energy facilities were vulnerable. Therefore, the government and the Ministry of Energy set a course for decentralization of power generation. This is absolutely right. At that time, we had a shrinking fuel market and decided to work in related industries,” explained Danylyak.
He cited the transparency of the company’s activities, the clear fulfillment of its obligations, and a professional, motivated team as the keys to OKKO’s success and active cooperation with international financial organizations.
As reported, over the next five years, OKKO plans to have approximately 600 MW of capacity in wind energy, 200 MW in solar energy, and 150 MW in energy storage facilities (ESF).
In particular, the OKKO Group is building the 147 MW Ivanychi WPP in the Volyn region with a total cost of EUR 225 million (excluding VAT) and is seeking financing for its second wind energy project in this region – the 192 MW Zatyrintsy WPP, which is estimated at EUR 250 million (excluding VAT).
The Group also won a five-year special auction held by NPC Ukrenergo for the provision of power system balancing services, in which it announced the installation of a 20 MW energy storage facility (ESF). The commissioning of the ESF was announced in April.
In addition, the group plans to open a new 60,000-tonne elevator by autumn 2025 and a bioethanol plant in summer 2026. An important component of OKKO’s agricultural portfolio is its partnership with the Gadz-Agro enterprise in the Ternopil region, in which the company acquired a stake in 2023. The company cultivates 26,000 hectares of land and has about 10,000 head of cattle, of which 5,000 are dairy cows. It is also one of the largest horticultural farms in Ukraine, but OKKO has decided not to integrate the horticultural part of the business.
OKKO Group unites more than 10 diverse businesses in the fields of manufacturing, trade, construction, insurance, services, and other services. The flagship company of the group is Halnaftogaz, which operates one of the largest petrol station chains in Ukraine under the OKKO brand, with almost 400 petrol stations.
The founder and ultimate beneficiary of the group is Vitaliy Antonov.
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.
Gadz-Agro LLC (Ternopil region), the agricultural division of the OKKO Group, has completed the first stage of harvesting, the company’s press service reported on Facebook.
According to the report, in the 2025 season, Gadz-Agro achieved a yield of winter rapeseed at 3.87 tons/ha, winter barley – 9.23 tons/ha, winter wheat – 8.63 tons/ha, spring barley – 6.58 tons/ha, spring wheat – 6.95 tons/ha, and peas – 4.61 tons/ha.
“The harvest is complete! It was a difficult but extremely productive period, during which every employee contributed to the common cause. These figures are not only indicators of yield, but also evidence of the dedicated work, professionalism, and unity of our team,” the company said.
Gadz Agro is engaged in crop and livestock farming on 26,000 hectares. It is one of the largest horticultural enterprises in Ukraine. It has its own processing facilities, in particular, it produces and exports apple chips under the Garden Gadz trademark, which will be sold in the international retail chain Lidl starting in 2023.
According to the Unified State Register of Legal Entities and Individuals, the companies were founded by Petro Gadz (50%) and OKKO Group owner Vitaliy Antonov through GnG Retail Limited (50%).
According to Vasyl Danylyak, CEO of OKKO Group, an important component of OKKO’s agricultural portfolio is its partnership with Gadz-Agro, which the company acquired a stake in in 2023. OKKO decided not to integrate the part of the business related to horticulture.
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.
The Antimonopoly Committee of Ukraine (AMCU) has granted permission to Vitaly Antonov’s Vi.An Holding Limited (Limassol, Cyprus) to acquire control over Kairos Holding LLC, the AMCU press service reported on Facebook.
“The decision to acquire is a logical continuation of our development strategy in the agricultural sector and expansion of the land bank. The interest in Ternopil and Rivne regions, where the land bank of the above-mentioned company is concentrated, is due to both favorable natural and climatic conditions and better yields compared to other regions of Ukraine,” the corporate communications department of OKKO Group commented on the AMCU’s decision.
The company also reminded that it is completing the construction of an elevator with a storage capacity of 60 thousand tons, and a bioethanol plant is under construction, which is expected to start production in the second half of 2026. The facilities are designed to produce 85 thousand tons of bioethanol per year, both for domestic needs and for sale to foreign markets.
In addition, OKKO called the partnership with Gadz-Agro (Ternopil region) an important component of its agricultural portfolio, with which the company is developing agricultural production.
Kairos Holding LLC was founded in 2024 in Lviv. The company specializes in growing cereals, legumes and oilseeds, organizing the construction of buildings, intermediary in the trade of a wide range of goods, wholesale of solid, liquid and gaseous fuels, etc.
According to the Opendatabot service, in 2024, the company received revenue of UAH 1.543 million, a net loss of UAH 1.136 million, has debt obligations of UAH 857.395 million, and assets are estimated at UAH 856.31 million. The authorized capital is UAH 50 thousand. The company employs 1 employee. The beneficiaries are businessmen Bohdan Kuspis and Ivan Kotsyo, who own a number of bakery plants in Lviv and Vinnytsia, restaurants, construction companies, etc.
OKKO Group unites more than 10 diversified businesses in manufacturing, trade, construction, insurance, maintenance and other services. The flagship company of the group is Galnaftogaz, which operates one of the largest filling stations in Ukraine under the OKKO brand, with about 400 filling stations.
The group’s founder and ultimate beneficiary is Vitaliy Antonov.
