On January 19, Ukrnafta JSC signed two agreements with Alliance Holding LLC for the sublease of gas stations (AZK) for a total amount of UAH 841.9 million, Nashe Groshi reported on February 4, citing information in the Prozorro system.
“Until September 30, 2028, Ukrnafta has subleased 117 property complexes – immovable and movable property of gas stations across Ukraine,” the publication noted.
In particular, UAH 715.9 million accounts for 99 gas stations that Alliance Holding leases from their owner, Invest-Region LLC, and another UAH 126 million accounts for 18 gas stations that Alliance Holding leased from the same company.
The founder of Invest-Region is Alliance Holding.
“The sublease fee will be determined based on a calculation of 1.74 UAH including VAT for each liter of fuel sold by Ukrnafta at these gas stations. The price of the contracts is fixed for the entire term,” Nashi Hroshi reported.
As reported, in December 2025, UKRNAFTA announced the completion of the rebranding of all 118 gas stations that previously operated under the Shell brand.
Prior to that, in August 2025, Ukrnafta and Dutch Shell Overseas Investments BV (Netherlands) finally completed the agreement on the acquisition by Ukrnafta of a 51% stake in Alliance Holding, which owned a network of 118 gas stations under the Shell brand in Ukraine.
The joint venture between Shell and Mussa Bazhaev’s Russian Alliance Group to manage the network of gas stations in Ukraine began operations in August 2007. Shell owned a 51% stake in the joint venture, while Alliance owned 49%. Alliance transferred about 150 gas stations to the joint venture, while Shell contributed cash, licenses, and the brand.
In 2014, it became known that sanctioned Russian businessman Eduard Khudainatov had bought Bazhaev’s oil assets. In June 2022, he was sanctioned by the European Union, and in October 2022, by Ukraine.
In October 2023, the Ministry of Justice of Ukraine filed a lawsuit with the High Anti-Corruption Court of Ukraine to recover Khudainatov’s assets for the state. As a result of court proceedings, 49% of Alliance Holding was recovered for the state. In April 2024, this share was transferred to the State Property Fund.
In November 2024, Overseas Investments, part of Shell’s group of energy and petrochemical companies, registered 51% of the authorized capital of Alliance Holding in accordance with the decision of the Appeals Chamber of the High Anti-Corruption Court.
In January 2025, the Antimonopoly Committee of Ukraine granted Ukrnafta permission to purchase more than 50% of the shares of Alliance Holding LLC.
Thus, Alliance Holding is currently 51% owned by Ukrnafta and 49% by the State Property Fund.
JSC Ukrnafta is Ukraine’s largest oil production company and operates the largest national network of filling stations, UKRNAFTA. The company has 1,807 oil and 164 gas production wells on its balance sheet.
In 2024, the company entered into an asset management agreement with Glusco. In 2025, it completed a deal with Shell Overseas Investments BV to purchase the Shell network in Ukraine. In total, it operates 663 gas stations.
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 company’s corporate rights, which belonged to private owners, to the state, and they are now managed by the Ministry of Defense.
According to the results of 2025, JSC Ukrnafta drilled 25 new wells and increased oil and gas production in oil equivalent by 3.39% compared to 2024.
“New drilling, intensification, and other measures taken collectively enabled Ukrnafta to increase its production in 2025 by 3.39% in oil equivalent compared to 2024. In particular, oil production increased by 3.77%, and gas production by 2.86%,” the company said in a press release on Tuesday.
In 2025, the company drilled 25 new wells, which was 150% more than in 2024, when 10 wells were drilled, and became a record figure in recent years.
“Seven of these wells were drilled by the company’s own forces, which indicates the growth of internal production capabilities,” the company added.
According to Ukrnafta, drilling volumes began to grow steadily after the company came under state control. Until 2023, the pace of new drilling remained minimal, averaging one to two wells per year.
“In fact, in 2025, the same number of wells were built as in the entire period from 2015 to 2022. At the same time, the volume of drilling by the company’s own forces is also growing,” the company said.
In particular, 6,188 m were drilled in 2023, 11,082 m (+79%) in 2024, and 18,994 m (+71%) in 2025.
“We are increasing drilling within the limits of existing special permits and at the same time restoring our own drilling capacities. This allows us to systematically increase the volume of work and reduce dependence on external contractors,” said Bogdan Kukura, Chairman of the Board of JSC Ukrnafta.
It is noted that a separate focus of attention for Ukrnafta is to increase the efficiency of well construction.
“The approach to the construction of drilling sites and access roads has been updated; we are continuing to replace outdated logistics equipment. As a result, the time required for installation and dismantling work has been reduced by 24% — to 10 days of savings on the construction of one well — and the amount of equipment used has been reduced,” the company stated.
Ukrnafta JSC is Ukraine’s largest oil production company and the operator of the largest national network of gas stations — UKRNAFTA. The company has 1,807 oil and 164 gas production wells on its balance sheet.
In 2024, the company entered into asset management with Glusco. In 2025, it completed an agreement with Shell Overseas Investments BV to purchase the Shell network in Ukraine. In total, it operates 663 gas stations.
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 company’s corporate rights, which belonged to private owners, to the state, which is now managed by the Ministry of Defense.
According to preliminary data, during three years of state management, Ukrnafta paid UAH 96.7 billion in taxes, fees, customs duties, and dividends to the state budget.
“Ukrnafta’s results are an example of effective and responsible state management, which is extremely important for the country in the context of a full-scale war. This is not only about financial indicators, but also about trust in the state as an owner, stable budget revenues, and a real contribution to the country’s stability and energy security,” emphasized Serhiy Koretsky, head of the Naftogaz Group.
In 2025, Ukrnafta’s contribution amounted to:
• UAH 28.6 billion in taxes, fees, and customs payments;
• UAH 5 billion in dividends.
The final figures will be confirmed after the close of the financial year and an independent audit.
“The company adheres to strict fiscal discipline. We understand that tax revenues directly support the Armed Forces, local communities, and the overall stability of the Ukrainian economy,” said Bogdan Kukura, Chairman of the Board of JSC Ukrnafta.
In total, over three years of state management, the company has contributed UAH 81.4 billion in taxes, fees, and customs payments to the budget, as well as UAH 15.3 billion in dividends, according to preliminary data.
Ukrnafta JSC is Ukraine’s largest oil producer and operator of the largest national network of gas stations, UKRNAFTA. In 2024, the company entered into asset management with Glusco. In 2025, it completed an agreement with Shell Overseas Investments BV to purchase the Shell network in Ukraine. In total, it operates 663 gas stations.
The company is implementing a comprehensive program to restore operations and update 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 to the state the corporate rights of the company that belonged to private owners, which is now managed by the Ministry of Defense.
Ukrnafta is systematically upgrading working conditions. In 2025, one of the key focuses will be upgrading transport, special equipment, and domestic infrastructure for production teams.
169 units of new equipment and transport are already in operation in regional divisions.
These include trucks, bulldozers, weighbridges, tankers, methane tankers, steam heating units, buses for transporting personnel, and other critically important equipment for the smooth operation of production and the filling station network.
In total, since 2023, the company has updated more than 700 pieces of equipment, which has already had a tangible effect on production indicators.
“We are consistently replacing outdated equipment and transport. In 2026, we plan to acquire about 100 more units of new equipment, in particular through leasing and grant mechanisms,” said Bogdan Kukura, Chairman of the Board of JSC Ukrnafta.
The safety and comfort of employees is a top priority:
• 32 mobile shelters have been installed.
• 140 mobile homes, some of which had been in operation for 48 years, have been replaced with new ones.
• Personal protective equipment, furniture, wardrobes, and refrigerators have been updated.
• Repairs have been carried out in regional divisions.
Improving working conditions and technical infrastructure remains one of the company’s priorities for 2026, because efficiency starts with safety, comfort, and modern technology.
JSC Ukrnafta is Ukraine’s largest oil production company and operates the largest national network of gas stations, UKRNAFTA. In 2024, the company entered into asset management with Glusco. In 2025, it completed an agreement with Shell Overseas Investments BV to purchase the Shell network in Ukraine. In total, it operates 663 gas stations.
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 to the state the corporate rights of the company that belonged to private owners, which is now managed by the Ministry of Defense.
Ukrnafta JSC announces a commercial procurement for the provision of road transport services for light petroleum products to supply its network of filling stations.
Due to the expansion of its network and increased sales of petroleum products, the company invites qualified suppliers of oil and gas products to submit commercial proposals.
The procurement will take place on the platform https://zakupivli.pro/ in two stages; proposals submitted by other means will not be considered.
For more detailed information on participation in commercial procurement and the selection process, please contact us by email: Dmytro.Sles@Ukrnafta.com or follow this link.
Commercial proposals will be accepted until January 27, 2026, inclusive.
We are looking forward to working with reliable partners!
JSC Ukrnafta is Ukraine’s largest oil production company and the operator of the largest national network of gas stations, UKRNAFTA. In 2024, the company entered into asset management with Glusco. In 2025, it completed an agreement with Shell Overseas Investments BV to purchase the Shell network in Ukraine. In total, it operates 663 gas stations.
The company is implementing a comprehensive program to restore operations and update 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 company’s corporate rights, which belonged to private owners, to the state, and they are now managed by the Ministry of Defense.
UKRNAFTA, the largest network of filling stations in Ukraine, supports our rescuers. Until the end of January, the company’s filling stations will offer hot dogs, coffee and tea to emergency services, power engineers, the State Emergency Service and the National Police free of charge. All they need to do is come to the gas station wearing their uniform.
“State-owned Ukrnafta and all the companies of Naftogaz Group are working in an intensified mode to ensure uninterrupted and reliable operation of critical areas – gas, fuel and access to essential goods.
Across the country, 474 emergency crews of gas distribution networks are engaged, and more than two thousand specialists are working around the clock to carry out repairs and receive people’s requests.
Ukrnafta’s filling stations have emergency stations. Support is organized where people need it now,” said Sergiy Koretsky, Chairman of the Board of Naftogaz.
State-owned Ukrnafta and all Naftogaz Group companies maintain uninterrupted and reliable operation of their respective segments, including gas, fuel, and access to essential products at filling stations.
“Now, when it is freezing outside and the energy system is suffering from enemy attacks, it is especially important to be close and united,” said Bohdan Kukura, Chairman of the Board of Ukrnafta, “Ukrenergo and other energy and utility companies, the State Emergency Service, the National Police and all emergency services are working around the clock to restore electricity and heat to people, ensure law and order and rescue Ukrainians in the most difficult situations. We have prepared a small expression of gratitude and respect for those who help and protect us.”
JSC Ukrnafta is the largest oil company in Ukraine and the operator of the largest national network of filling stations – UKRNAFTA. In 2024, the company entered the management of Glusco assets. In 2025, the company finalized a deal with Shell Overseas Investments BV to buy the Shell network in Ukraine. In total, it operates 663 filling stations.
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.
