JKX Oil & Gas with assets in Ukraine and Russia in the first quarter of 2020 increased its average daily hydrocarbon production by 11% compared to the same period last year, to 10,996 barrels of oil equivalent per day (boepd), the company said on the London Stock Exchange’s website.
Thus, the average daily production in Ukraine increased by 7%, to 5,361 boepd, including gas production increased by 1%, to 715,000 cubic meters per day (Mcmd), oil and condensate by 38%, to 1,155 boepd. The average daily hydrocarbon production in the Russian Federation increased by 16% and amounted to 5,635 boepd. In particular, the average daily gas production for the reporting period is 946,000 cubic meters per day (16% more), condensate some 65 boepd (15% more).
The report says that well No. 143 was commissioned in the Ihnativske field in Ukraine in the first half of March. Its production rate is currently 157 barrels of oil per day (bopd) and 65,000 cubic meters of gas per day.
The average selling price of gas in Ukraine in January-March was $150 per 1,000 cubic meters, which is 44% less than a year earlier ($269), oil some $49 per barrel (17% less).
The company’s cash and cash equivalents as of March 31, 2020 were equal to $14.2 million (as of December 31 some $20.6 million). In addition, JKX had $2.4 million worth of oil and gas reserves ($4.1 million as of December 31).
KSG Agro agricultural holding intends to achieve a 15% increase in pig breeding in live weight for 2020 compared to 2019.
“Increasing production is our strategic goal. Moreover, the market situation and increasing demand contribute to this. Therefore, our plans this year are to increase pig breeding products in live weight by 15% compared to the same indicator in 2019,” KSG Agro Board Chairman Serhiy Kasyanov told Interfax-Ukraine.
According to him, the agricultural holding did not revise investment plans for 2020 due to quarantine and the uncertain economic situation in Ukraine.
“These plans are valid and we did not change them. The planned investment for the year to continue the reconstruction of the main industrial complex and the start of the design of the genetic reproducer will be about UAH 25 million. The genetic reproducer will produce Danish boars and sows, which will allow us to reduce costs and start sales to other customers,” the owner of KSG Agro said.
Kasyanov said that in 2020 the holding plans to increase exports of manufactured products.
“In the first quarter of this year, we exported 1,356 tonnes of wheat flour to Libya. Export volumes are growing. For comparison, we shipped 720 tonnes of wheat flour for 2019. So far, despite the crisis, we plan to increase the export of our products. In the second quarter we intend to export 2,000 tonnes of wheat flour, some 1,000 tonnes of barley, some 500 tonnes of refined sunflower oil and some 1,000 tonnes of other goods,” the KSG Agro board chairman said.
KSG Agro, a vertically integrated holding, is engaged in pig breeding and production, storage, processing and sale of grain and oilseeds. As of June 30, 2019, the land bank of the holding in Ukraine amounted to about 27,000 hectares.
Biosphere Corporation has postponed the launch of the diaper production line with Italian equipment for a month, but plans to start the mass production of diapers in May, the corporation’s press service has told Interfax-Ukraine.
“Despite the quarantine and the impossibility of the Italians to visit our factory in Dnipro, our specialists remotely learned how to assemble, understood the process and assembled the equipment within a month. It will be launched a few weeks later than planned, but we are already preparing to launch it,” the press service said.
The corporation invested in Italian equipment for that line, the installation of which was postponed due to quarantine in Italy.
The Biosphere Corporation has been operating in Ukraine for over 20 years. Its products are presented in about 20 markets of Europe and Asia. The product portfolio includes more than 2,000 items.
PJSC Azot (Cherkasy), part of Dmytro Firtash’s Group DF, in January-March 2020 increased production of nitrogen fertilizers by 22% compared to the same period in 2019, to 444,100 tonnes, according to a company press release.
Thus, the production volume of commercial ammonium nitrate amounted to 147,100 tonnes (21%), commercial urea some 168,600 tonnes (23%), urea-ammonia mixture some 126,100 tonnes (22%), and ammonia water to 2,300 tonnes. In addition, 216,300 tonnes of ammonia and 168,900 tonnes of non-concentrated nitric acid were produced.
Since the beginning of this year, all production facilities of Cherkasy Azot have been operating at 100% load. One of the factors contributing to the growth of production was weather conditions that allowed farmers to start field work much earlier, the report said.
“The company continues to work, despite the special conditions during the quarantine period, and fully fulfills all contracts, ensuring uninterrupted supplies of nitrogen fertilizers to agricultural producers,” Group DF’s press service said citing Vitaliy Skliarov, the chairman of the company’s board.
PJSC Cherkasy Azot is one of the largest Ukrainian chemical enterprises. It is engaged in production of mineral nitrogen fertilizers. Since 2011, it has been part of Ostchem Group (the Group DF nitrogen business).
The Ministry of Energy and Environmental Protection of Ukraine has included in the forecast balance of electricity generation in the Integrated Power System (IPS) of Ukraine for 2020 the growth of electricity imports at twice compared to the actual indicator of 2019, to 5.615 billion kWh.
According to the updated balance posted on the ministry’s website, electricity exports are also expected to grow by 30%, to 8.455 billion kWh.
The electricity generation will decrease by 1.2% compared with the actual indicators of 2019, to 152.105 billion kWh. In particular, nuclear power plants expect to reach 80.639 billion kWh of electricity generation (2.9% less compared to 2019), thermal power plants 42.129 billion kWh (6.2% less), combined heat and power plants and cogeneration plants 11.064 billion kWh (1.8% more), all hydroelectric power stations 5.088 billion (22% less), pumped storage plants 1.258 billion kWh (6.6% less), block stations 1.643 billion kWh (7% less), and alternative energy sources 10.284 billion kWh (85.6% more).
Thus, according to forecasts, the share of nuclear power plants of the structure of electricity generation in 2020 will be 53.02% (53.91% at the end of 2019), thermal power plants some 27.7% (29.17%), combined heat and power plants and cogeneration plants some 7.27% (7.06%), hydroelectric power stations some 3.35% (4.24%), pumped storage plants some 0.83% (0.87%), block stations some 1.08% (1.15%), and alternative energy sources some 6.8% (3.6%).
Electricity consumption in the country is expected to reach 147.517 billion kWh in 2020, which is 1.8% less compared to the actual indicators of 2019.
Electricity consumption of pumped storage plants in the pump mode is predicted to be 1.752 billion kWh (1.834 billion kWh in 2019).
The main pipe enterprises of Ukraine in January of this year reduced production of pipes from ferrous metals, according to recent data, by 23.9% compared to the same period last year, to 65,800 tonnes.
The Ukrtruboprom association told Interfax-Ukraine that in January 2020, the enterprises of the association reduced production of pipes by 41.8%, to 40,100 tonnes.
Pipe production at Interpipe Nyzhniodniprovsky Pipe Rolling Plant for the indicated period decreased by 33.9%, to 14,800 tonnes, at Interpipe Novomoskovsk Pipe Plant by 48.2%, to 4,400 tonnes. Interpipe Niko Tube reduced production by 44.5%, to 19,200 tonnes.
Dnipropetrovsk Pipe Plant increased pipe production to 100 tonnes from 1,400 tonnes in January 2019, Centravis by 21.1%, to 1,500 tonnes of stainless pipes.
Trubostal plant retained pipe production at 100 tonnes of pipes.
Mariupol-based Illich Steel Mill, which is not part of the Ukrtruboprom association, increased pipe production by 51.5% in January 2020, to 15,000 tonnes, while Kominmet by 39%, to 10,700 tonnes.
As reported with reference to the data of Ukrtruboprom, in 2019 Ukraine reduced pipe production by 9.1% compared to the previous year, to 1.002 million tonnes. Enterprises of the association reduced pipe production by 10.2% to 715,100 tonnes.
