Business news from Ukraine

Business news from Ukraine

Support at every stage: how Ukrnafta is building its work with veterans

Veterans policy is one of Ukrnafta’s strategic priorities. The company is developing a systematic program to support veterans and military personnel with a view to the future.

On the sidelines of the Veterans Reintegration Conference, Serhii Koretskyi, Director of PJSC Ukrnafta, spoke about Ukrnafta’s practical experience in reintegrating defenders into the working environment.

“In total, the company has donated almost UAH 3 billion for the needs of the military. This includes weapons, armored vehicles, drones, pickups, and other equipment,” Serhiy Koretsky noted. ”Of Ukrnafta’s 20,000 employees, almost a thousand have been mobilized. Unfortunately, 43 of our colleagues have died. May their memory live on forever, and may we honor these heroes. More than 500 veterans have returned to work. In other words, the company has extensive experience in this area. It also has the capacity and a sincere desire to help. We must always remember that business must do everything possible to ensure that our defenders feel comfortable in their working environment. I would like to thank the European Bank for Reconstruction and Development, the Ministry of Veterans Affairs of Ukraine, the Ministry of Economy of Ukraine, and Korn Ferry for drawing attention to this important issue. I would also like to thank my colleagues who are creating a space adapted for veterans.

Ukrnafta’s main principle is to support veterans and military personnel at every stage. Salaries are paid on time. The company takes care of mobilized colleagues and their families by providing legal, psychological, and rehabilitation support. It helps its partner units. In fact, it acts as a patronage service.

Ukrnafta veterans are given the opportunity to retrain if necessary.

For veteran businesses, the company offers the opportunity to join the UKRNAFTA network, the largest single-brand network of gas stations in Ukraine.

Ukrnafta is Ukraine’s largest oil producer and operator of 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 546 gas stations, 462 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 corporate rights of the company, which were owned by private owners and are currently managed by the Ministry of Defense, to the state.

Source: https://interfax.com.ua/news/press-release/1070512.html

 

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“Ukrnafta” joins UN Global Compact

PJSC Ukrnafta has joined the UN Global Compact, said Sergiy Koretsky, CEO of the company.

“An important milestone in the history of Ukrnafta – the company has joined the UN Global Compact in Ukraine, the local network of the largest global initiative that unites the world’s and Ukraine’s leading companies around common values of sustainable development,” he wrote on his Facebook page on Tuesday.

According to Koretsky, a modern company in the modern world must understand its responsibility to both society and the environment and strictly adhere to the highest standards in its work.

“The partnership with the UN Global Compact in Ukraine will help Ukrnafta to strictly follow its 10 principles to achieve the UN Sustainable Development Goals and contribute to the achievement of the 17 Sustainable Development Goals to build a strong, sustainable and responsible society,” explained the CEO, adding that these are human rights protection, fair labor principles, environmental standards and zero tolerance for corruption.

He emphasized that by doing so, Ukrnafta has once again confirmed the course it has set after the transition to state control: it operates transparently, develops international partnerships, implements the highest OECD corporate governance standards and adheres to global ESG standards.

“Ukrnafta” opens bids for VHI tender with budget of over UAH 180 mln

On April 7, PJSC Ukrnafta opened a tender for health insurance for its employees, according to the Prozoro system. According to the report, TAS Insurance Group had the lowest price offer of UAH 142.9 million for the expected cost of UAH 182.980 million.

Other insurance companies participating in the tender are Transmagistral – UAH 147.126 million, Arsenal Insurance – UAH 159.180 million, Unika – UAH 159.190 million, and VUSO – UAH 159.676 million.

The companies are awaiting the final decision.

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Ukrnafta’s net profit for 2024 amounted to UAH 16.4 bln

Ukrnafta’s net profit for 2024 amounted to UAH 16.38 billion, the company’s CEO Sergiy Koretsky said on Facebook on Tuesday.

“Now it is official (…) Crowe Erfolg has completed an independent international audit of Ukrnafta. Every figure is confirmed by official reporting,” he wrote.

According to the CEO, for the second year in a row, the company has demonstrated an increase in oil and gas production, growth in sales of petroleum products and an increase in market share in the filling station segment.

“Ukrnafta is the largest oil producer in Ukraine and the operator of the national network of filling stations. In March 2024, the company took over the management of Glusco assets and operates 546 filling stations – 462 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 currently managed by the Ministry of Defense.

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“Ukrnafta” announced tender for VHI with budget of 183 million UAH

PJSC “Ukrnafta” on March 24 announced a tender for Medical Insurance of employees.
As reported in the Prozoro system, the expected cost is UAH 182.980 mln.
Applications for participation in the tender will be accepted until April 1.

 

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“Ukrnafta” has installed 30 automatic reagent dosing systems at wells and plans to install another 60 in 2025

PJSC Ukrnafta has started implementing new systems for dosing liquid reagents at oil and gas wells, continuing the transition to modern equipment from world leaders.

“We have already installed 30 automatic dosing units at wells in the eastern and western regions,” the company’s press service toldInterfax-Ukraine on Friday.

According to the press release, the injection of reagents into wells protects underground equipment from corrosion, formation of mineralized and paraffinic deposits, well drainage and other complications.

With the old method, oil companies had to periodically use special vehicles and obsolete pumping equipment to supply reagents, which is inefficient and economically unprofitable compared to the new technology, the company explained.

At the same time, modern systems allow for the use of a wider range of higher quality reagents and a smaller amount of them. They are equipped with remote control and monitoring of pumping equipment, as well as remote control of well pressure. The pumping equipment has low power consumption, which is especially important in the current environment.

“In 2025, the company plans to install 60 new systems complete with a capillary tube for injecting chemicals directly to the wellhead, and plans to purchase more than 50 similar systems,” Ukrnafta said.

“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 the management of Glusco assets and operates a total of 544 filling stations – 461 owned and 83 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 holds 92 special permits for commercial development of fields. It has 1832 oil and 154 gas production wells on its balance sheet.

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 currently managed by the Ministry of Defense.