Business news from Ukraine

Business news from Ukraine

Ukrnafta paid UAH 5 bln in dividends for 2024

Ukrnafta transferred UAH 5 billion in dividends to the state budget based on its 2024 performance, the company said on Wednesday.

According to the company, the dividend payments to Naftogaz of Ukraine and the Ministry of Defense of Ukraine for 2024 were made on time and in full.

“The company continues to develop actively, increasing oil and gas production and sales of petroleum products for two years in a row, as well as increasing its market share in the fuel and lubricants segment,” said Serhiy Koretsky, chairman of the board of Naftogaz of Ukraine.

As reported, PJSC Ukrnafta’s net profit for 2024 amounted to UAH 16.38 billion.

Ukrnafta is Ukraine’s largest oil producer and operator of the national network of gas stations. In March 2024, the company took over the management of Glusco’s assets and now operates a total of 544 gas stations, 461 of which are owned by the company and 83 are under management.

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 corporate rights of the company, which were owned by private owners and are currently managed by the Ministry of Defense, to the state.

Ukrnafta is Ukraine’s largest oil producer and operates a national network of gas stations. In March 2024, the company took over the management of Glusco’s assets and now operates a total of 545 gas stations, 461 of which it owns and 84 of which it manages.

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 privately owned corporate rights of the company to the state, which are now managed by the Ministry of Defense.

 

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Ukrnafta announces tenders for Green Card

PJSC Ukrnafta has announced tenders for international Green Card insurance.

According to the Prozorro electronic public procurement system, the expected cost of the services is UAH 48,663 thousand. No tender security is required. The deadline for submission is August 9.

 

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More than 13 mln liters of fuel at discount for military at UKRNAFTA filling stations

The Plus program, which the UKRNAFTA filling station network implements jointly with the Ministry of Defense of Ukraine within the Army+ application, demonstrates stable efficiency and real support for the military.

Since the start of the project in December 2024, the military has refueled 13.3 million liters of fuel. The savings amounted to UAH 36.1 million. Another UAH 4.2 million was saved on cafe products and UAH 707.9 thousand on goods in the stores at the filling stations. In total, almost 100,000 military personnel have already taken advantage of the special discounts.

We remind you of the discounts for the military with Army+ at UKRNAFTA filling stations:

* -3 UAH/l for gasoline and diesel (up to 200 liters per month)

* UAH 0.5/l for liquefied gas (up to 200 liters per month)

* -30% for cafe products

* -10% for goods in stores (except for alcohol, tobacco and promotional goods, up to 2000 UAH/month).

UKRNAFTA consistently provides special service conditions for the defenders of Ukraine. The company thanks everyone who serves and continues to support the military every kilometer of their journey.

“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 management of Glusco’s assets and operates 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.

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Rebuilt UKRNAFTA filling station at 8 Kiltseva Street in Chernihiv is open for customers again

On July 11, the UKRNAFTA filling station at 8 Kiltseva Street in Chernihiv resumed operations after being completely rebuilt and renovated following the damage caused during the hostilities in 2022.
The filling station, which is popular among residents of the city and the suburbs, has been given a new lease of life with a modern design, a stylish minimarket, free Wi-Fi, a tire inflation station, and AdBlue sales.
At the beginning of the full-scale invasion, in February-March 2022, the Ukrainian military stopped the enemy’s advance on the outskirts of Chernihiv. At the same time, the gas station, which was on the line of fire, was destroyed. Its rebuilding is not only a technical upgrade but also a symbol of the city’s gradual recovery.
On the occasion of the opening, from July 11 to 13, UKRNAFTA will offer pleasant bonuses to its visitors:
50% discount on a hot drink or hot dog for everyone who refuel or make a purchase in the store;
Free* donuts for children;
Balloons to create a festive mood;
A gift certificate for a 50% discount on coffee or a hot dog, which can be used from July 14 to August 10.
The UKRNAFTA filling station at 8 Kiltseva Street is not only a convenient stop for drivers, but also another step in the restoration of Chernihiv’s infrastructure.
*The term “free of charge” refers to the symbolic cost of UAH 0.10 in accordance with the current legislation of Ukraine.

 

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Ukrnafta to implement energy projects worth 670 MW by 2026

PJSC Ukrnafta is implementing six projects for gas piston and gas turbine units with a capacity of 420 MW and plans to build a CCHP (Combined Cooling, Heating, and Power, i.e., the production of electricity, heat, and cold from a single source – IF-U) system with a capacity of 250 MW, according to the company’s acting director, Yuriy Tkachuk.

“Our portfolio consists of 420 MW of generating capacity. These are six large projects that combine gas piston and gas turbine technologies. And we will build a large 250 MW CCHP project. All the assets we aim to install will be installed in 2026,” Tkachuk said during a panel discussion on investing in energy sustainability and recovery in Ukraine as part of URC-2025 in Rome on Wednesday, according to an Interfax-Ukraine correspondent at the event.

According to him, all capacities are renewable and are being installed in central, eastern, and western Ukraine, and electricity will be generated using associated gas from production.

“In this way, we will support our energy system through these projects,” Tkachuk said.

He added that after Ukrnafta was transferred to the state in 2022, “we began to develop its new history.”

As Tkachuk emphasized, Ukrnafta currently provides 99% of petroleum product supplies to the Ministry of Defense, and despite this, it has launched a new direction, namely electricity production, which is very important in the context of the significant destruction of Russia’s energy capacities.

“Thanks to international financial institutions, Norway, Sweden, Germany, our state, and the government, we have launched a distributed power generation project,” the head of Ukrnafta emphasized.

 

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“Ukrnafta” announced tenders for “Green Card”

PJSC “Ukrnafta” has announced tenders for international insurance “Green Card”

As reported in the system of electronic public procurement “Prozorro”, the expected cost of the purchase of services is 38.663 thousand UAH.

The security of the tender offer is not required.

The deadline for submission is July 14.

 

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