JSC “Ukrnafta” and JSC “Ukrgazvydobuvannya” have jointly completed the drilling of a gas well at one of Ukrnafta’s fields.
The project, implemented as part of the cooperation between the two Naftogaz Group companies, marked the first practical step in developing internal cooperation to increase natural gas production in Ukraine.
As part of the project:
• JSC “Ukrgazvydobuvannya” provided drilling services using its own drilling rig;
• JSC “Ukrnafta” is responsible for the further development and operation of the facility.
The actual depth of the well is 5,681 meters.
“Increasing our own gas production is one of our key priorities. Synergy within the Naftogaz Group allows us to use resources more efficiently and accelerate project implementation,” said Serhiy Koretskyi, Head of the Naftogaz Group.
“This is the first joint project between Ukrnafta and Ukrgazvydobuvannya. We have developed a model of cooperation between the companies and achieved a practical result that provides a foundation for scaling up such cooperation in the future,” said Bohdan Kukura, Chairman of the Board of JSC Ukrnafta.
“Ukrgazvydobuvannya’s provision of services for the efficient use of the drilling rig fleet to increase hydrocarbon production for the state is a strategically important area of development. It strengthens Ukraine’s energy security and establishes a new model of successful cooperation within the Naftogaz Group,” emphasized Yuriy Tkachuk, CEO of JSC “Ukrgazvydobuvannya.”
The well development phase is currently underway. The drilling rig will be used to drill subsequent wells at Ukrnafta’s fields.
JSC “Ukrnafta” is Ukraine’s largest oil production company and operates the country’s largest national network of gas stations—UKRNAFTA. In 2024, the company entered into an asset management agreement with Glusco. In 2025, it finalized a deal with Shell Overseas Investments BV to purchase the Shell network in Ukraine. In total, it operates nearly 700 gas stations.
The company is implementing a comprehensive program to resume operations and modernize the format of gas stations in its network. Since February 2023, it has been issuing its own fuel vouchers and “NAFTACard” cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
The largest shareholder of Ukrnafta is Naftogaz of Ukraine with a stake of 50% plus one share.
In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state the share of corporate rights in the company that belonged to private owners, which is now managed by the Ministry of Defense.
UKRNAFTA, Ukraine’s largest network of gas stations, doubled its fuel purchases in 2026 compared to last year to ensure stability for farmers during the planting season, the company’s CEO Bohdan Kukura told the Interfax-Ukraine news agency.
“We have received the first shipments of diesel from the United States. The government’s task was to ensure (the domestic market – IF-U) that there would be no shortage. We are fulfilling this: given the season and increased demand, we have purchased twice as much fuel as before. There will be no shortage. We are fully contracted, and we do not foresee any problems at all for April,” the company’s head emphasized.
According to him, in response to the government’s request, UKRNAFTA began using post-import financing instruments for the first time in its history. The first shipments of American fuel were purchased using credit lines from the state-owned Ukrgasbank and Oschadbank. The top manager noted that this mechanism has been in operation for only about a month but has already proven effective in ensuring energy security.
The CEO also explained that, given market volatility, UKRNAFTA has abandoned fixed-price contracts, as they are unprofitable for suppliers due to the inability to predict risks. Currently, work with clients is based exclusively on a “contract formula” tied to global Platts or Argus price indices.
Separately, Kukura commented on the sales structure: the share of retail customers (B2C) is about 50–70%, while the corporate segment (B2B cards and vouchers) accounts for 30–50%. He noted that farmers typically purchase fuel through small-scale wholesalers.
As the chairman of the UKRNAFTA board assured, thanks to strategic reserves and new logistics, there is no cause for panic. The company continues to actively work with banks, creating “effective solutions to supply the market,” so Ukrainian businesses can be confident in the availability of fuel at gas stations.
As reported, by the end of 2025, UKRNAFTA increased fuel sales in the B2B segment to 391.6 million liters, which is 61.7% more than the previous year’s figure and nearly eight times higher than the 2023 result. The number of active corporate clients during this period tripled—to 9,700 companies. Over three years, the company doubled the average daily fuel sales per gas station, and the average receipt at the network’s stores tripled—to 180 UAH.
UKRNAFTA is one of the largest gas station networks in Ukraine, comprising approximately 700 locations and ranking among the top three in terms of fuel sales volume. The network structure includes the assets of Glusko (85 gas stations) and Shell (118 gas stations). Additionally, 21 complexes of Ukrgazvydobuvannya (U.Go) operate under the UKRNAFTA brand on a franchise basis.
JSC “Ukrnafta” has purchased and commissioned modern equipment for well logging and formation fluid analysis, which will improve the accuracy of geological and engineering decisions and reduce data acquisition time, the company announced on Tuesday.
“Developing our own research base is a strategic component of the oil and gas company’s operations,” said Bohdan Kukura, chairman of the board of Ukrnafta.
According to him, previously some of the research was carried out by external contractors, which limited the speed of analysis, but now the company has its own analytical base, thanks to which it has improved the quality of field development planning and reduced the time required to make technical decisions.
“At the same time, we are building the capacity to provide research services to other subsoil users as a separate business line,” added Kukura.
Ukrnafta, in particular, has acquired its own PVT (Pressure-Volume-Temperature) unit—laboratory equipment for studying the physical properties of reservoir fluids (oil, gas, condensate) under high-pressure and high-temperature conditions. This makes it possible to analyze the characteristics of hydrocarbons directly under reservoir conditions.
In addition, downhole pressure gauges have been purchased and are being used to measure pressure at the wellbore and along the wellbore, echo-logging dynamographs to determine fluid levels, generate dynamograms, and analyze the performance of well equipment, mini-PLT—compact logging tools, as well as samplers for the sealed collection of deep samples of water, oil, gas, or oil-gas mixtures from a specified depth.
JSC “Ukrnafta” is Ukraine’s largest oil production company, carrying out a full cycle of activities in the production sector: exploration, oil and gas production, provision of oilfield services, as well as management of the largest network of gas stations in Ukraine, UKRNAFTA.
The company has over 1,106 oil wells and 131 gas wells on its balance sheet.
By the end of 2025, Ukrnafta became the leader in the extraction industry with a turnover of UAH 99.4 billion, as reflected in Opendatabot’s Index of Top Companies.
The UKRNAFTA network is the largest network of gas stations in Ukraine, comprising nearly 700 stations and ranking among the top three in terms of fuel sales volume. The UKRNAFTA brand consolidates networks that previously operated under the Glusco, Shell, and U.Go brands.
The shareholders of JSC “Ukrnafta” are NJSC “Naftogaz of Ukraine” and the Ministry of Defense of Ukraine. Since 2022, the company has been under state management and is undergoing a large-scale business transformation.
UKRNAFTA was the first to join the government’s fuel cashback support program.
Starting today, at all 660 gas stations in the network, customers will be able to receive:
15% cashback on diesel;
10% on gasoline;
5% on LPG.
Funds will be credited to a card registered in the state “National Cashback” program.
The maximum cashback amount for fuel is up to 1,000 UAH per person per month.
Accrued funds can be viewed in the Diya app. Payments are made by the end of the month following the purchase.
Fuel cashback is part of the government’s support for Ukrainians in response to rising oil prices due to hostilities in the Middle East.
The program will run until May 1.
JSC “Ukrnafta” is Ukraine’s largest oil producer and operates the country’s largest national network of gas stations—UKRNAFTA. In 2024, the company entered into an asset management agreement with Glusco. In 2025, it finalized a deal with Shell Overseas Investments BV to purchase the Shell network in Ukraine. In total, it operates 660 gas stations.
The company is implementing a comprehensive program to resume operations and modernize the format of gas stations in its network. Since February 2023, it has been issuing its own fuel vouchers and “NAFTACard” cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
The largest shareholder of Ukrnafta is Naftogaz of Ukraine with a stake of 50% plus one share.
In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state the share of corporate rights in the company that belonged to private owners, which is now managed by the Ministry of Defense.
State-owned Ukrnafta has ranked first for the third consecutive year in the Index of Ukraine’s Best Oil and Gas Producers, published annually by Opendatabot.
In 2025, the company’s revenue amounted to 99.4 billion UAH.
The company received an award from Opendatabot as “Leader in the Extractive Industry.”
The total revenue of the top 10 companies in the extractive industry amounted to UAH 341.63 billion and decreased by 12.71% compared to 2024.
Ukrnafta’s share, which stood at 25.68% in 2024, has grown, and in 2025 the company holds a 29.11% share among the sector’s leaders.
The full list of the top 10 companies in the extractive industry is as follows:
1. Ukrnafta – UAH 99.44 billion, 29.11%
2. Ukrgazvydobuvannya – UAH 83.60 billion, 24.47%
3. DTEK Pavlogradvuhillya – UAH 36.16 billion, 10.59%
4. Northern Mining and Processing Plant – UAH 32.92 billion, 9.64%
5. Southern Mining and Processing Plant – 24.76 billion UAH, 7.25%
6. Pokrovsk Mine Administration – 17.13 billion UAH, 5.01%
7. Central Mining and Processing Plant – 15.99 billion UAH, 4.68%
8. Oil and Gas Production – 14.00 billion UAH, 4.1%
9. Nadra-Geoinvest – 8.85 billion, 2.59%
10. Yeristiv Mining and Processing Plant – 8.77 billion UAH, 2.57%
These results are a testament to the dedication of all Ukrnafta employees, who work diligently every day to provide Ukraine with this critical resource and ensure the country’s energy security.
JSC “Ukrnafta” is Ukraine’s largest oil producer and operates the country’s largest national network of gas stations—UKRNAFTA. In 2024, the company entered into an asset management agreement with Glusco. In 2025, it finalized a deal with Shell Overseas Investments BV to acquire the Shell network in Ukraine. In total, it operates 660 gas stations.
The company is implementing a comprehensive program to resume operations and modernize the format of gas stations in its network. Since February 2023, it has been issuing its own fuel vouchers and “NAFTACard” cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
The largest shareholder of Ukrnafta is Naftogaz of Ukraine with a stake of 50% plus one share.
In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state the share of corporate rights in the company that belonged to private owners, which is now managed by the Ministry of Defense.
The UKRNAFTA mobile app has reached the top spot in the “Free Apps” and ‘Business’ categories on the App Store and the top spot in the “Cars & Transportation” category on the Play Store.
Up to 3 million people refuel with high-quality Euro-5 fuel, buy coffee and travel essentials using the UKRNAFTA app, and gain access to the loyalty program and marketing promotions.
The app accounts for 73.3% of the network’s total revenue. That’s millions of transactions every month.
96% of UKRNAFTA customers drive passenger cars. They also refuel motorcycles and trucks.
58% of customers drive fairly large cars with fuel tanks ranging from 60 to 79 liters. Most of you drive German brands, but you also love Japanese, South Korean, American, and French cars. And what unites you all is the European-quality fuel at our gas stations.
JSC “Ukrnafta” is Ukraine’s largest oil production company and operates the country’s largest national network of gas stations—UKRNAFTA. In 2024, the company began managing Glusco’s assets. In 2025, it finalized an agreement with Shell Overseas Investments BV to purchase the Shell network in Ukraine. In total, it operates 660 gas stations.
The company is implementing a comprehensive program to resume operations and modernize the format of its network’s gas stations. Since February 2023, it has been issuing its own fuel vouchers and “NAFTACard” cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
The largest shareholder of Ukrnafta is Naftogaz of Ukraine with a stake of 50% plus one share.
In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state the share of corporate rights in the company that belonged to private owners, which is now managed by the Ministry of Defense.
