Prosecutors of the Specialized Anti-Corruption Prosecutor’s Office and detectives of the National Anti-Corruption Bureau have informed eight persons of suspicion involved in the embezzlement of property and funds of Ukrnafta in the amount of over UAH 13 billion, the SAP press service reports.
“In the course of the pre-trial investigation, it was established that the officials of five commercial enterprises, by prior collusion with the officials of PJSC Ukrnafta, in particular the acting chairman of the board and the heads of two structural units of the enterprise (positions indicated at the time of the crime), which in Violation of the requirements of the current legislation, which provides for advance payment for the supply of oil without its implementation during March-August 2015, placed in favor of commercial enterprises oil with a total value of more than 10 billion hryvnias, which the officials of these enterprises took possession of, causing losses to PJSC “Ukrnafta” for the specified amount,” the Telegram channel said.
It was also established that in July 2015, Ukrnafta officials concluded 52 contracts with a commercial enterprise for the supply of oil products in the amount of over UAH 2.5 billion for the benefit of Ukrnafta, which, in turn, made advance payments in full. However, in the future, “Ukrnafta” entered into additional agreements to postpone the delivery of oil products until the end of 2018, which as a result, the commercial enterprise never delivered, and the officials of the commercial enterprise took possession of the money paid in advance and transferred it to the accounts of non-resident enterprises.
The actions of the suspects are classified under Part 5 of Art. 191 (seizing someone else’s property by abusing an official’s official position, by prior collusion by a group of persons, in particularly large amounts) of the Criminal Code of Ukraine.
The specified actions are punishable by deprivation of liberty for a term of seven to 12 years, with deprivation of the right to hold certain positions or engage in certain activities for a term of up to three years, and with confiscation of property.
In January 2022, PJSC Ukrnafta increased oil and condensate production by 5.6% (by 6,900 tonnes) compared to the same period in 2021, to 130,500 tonnes, the company’s press service reported on Monday.
According to it, gas production increased by 3.6% (by 3.3 million cubic meters), to 94.5 million cubic meters.
In addition, production of liquefied gas in January 2022 at the company’s plants increased by 10% (by 990 tonnes) compared to January last year, to 10,870 tonnes.
Ukrnafta clarified that the increase in production is associated with efficient operation of the existing well stock and a reduction in equipment downtime. In addition, commissioned oil well No. 103 at the Verkhnomaslovetske field (Lviv region) had a positive effect on production activities.
“Ukrnafta is making efforts to increase hydrocarbon production, particularly of natural gas. This is an important task both in terms of supplying the domestic market with natural gas during high seasonal demand and for strengthening the country’s energy independence in the long term,” the company said.
Ukrnafta owns 85 special permits for production of hydrocarbons, and has 1,809 oil and 153 gas wells on its balance sheet. The company owns 537 filling stations.
NJSC Naftogaz Ukrainy owns 50% plus 1 share of the largest oil producing company in the country, and a group of companies associated with the former shareholders of PrivatBank owns about 42% of the shares.
The process of unbundling the assets of PJSC Ukrnafta between NJSC Naftogaz Ukrainy and minority shareholders has been put on hold for now, although it was planned to be completed at the end of 2021, businessman Ihor Kolomoisky has said.
“Yes, on a pause… Naftogaz faced the problem of public opinion, government, the like, they need to get permission for some significant transactions, and so on,” he said in an interview with Ukrayinska Pravda.
According to the businessman, Naftogaz was the initiator of the unbundling process, and he supported it.
“Since life together does not work out, it is necessary to separate intelligently and culturally,” he said.
Earlier, at the end of November, President of Ukraine Volodymyr Zelensky said that the unbundling of Ukrnafta did not take place, since the state did not yet have the necessary funds to buy the assets.
As reported, in November-December 2021, due to the lack of a quorum, two meetings were not held at which it was planned to consider the issue of unbundling Ukrnafta’s assets between NJSC Naftogaz Ukrainy and minority shareholders – Ihor Kolomoisky and his partners. Another meeting of shareholders with a similar agenda is scheduled for February 17, 2022.
Ukrnafta is the largest oil company in the country. NJSC Naftogaz Ukrainy owns 50% plus 1 share in Ukrnafta, a group of companies associated with the former shareholders of PrivatBank – about 42% of shares.
PJSC Ukrnafta in January-September 2021 reduced oil and condensate production by 1.1% (by 12,200 tonnes) compared to the same period in 2020, to 1.122 million tonnes, including in September production grew by 2.1% compared to September 2020, to 125,500 tonnes.
As the company told Interfax-Ukraine, gas production in the first nine months of 2021 fell by 3.4% (by 29 million cubic meters), to 832.8 million cubic meters, including in September it rose by 4.9%, to 94.6 million cubic meters.
Ukrnafta said that the average daily production has been growing since the beginning of the year, in particular, in September 2021 this figure for oil with condensate amounted to 4,180 tonnes, which is 4.8% more than in January 2021, for gas it was 3.15 million cubic meters, which is 7.3% more than in January 2021.
Ukrnafta is the largest oil company in the country. NJSC Naftogaz Ukrainy owns 50% + 1 share in Ukrnafta, a group of companies associated with the former shareholders of PrivatBank – about 42% of shares.
Ukrnafta has 85 licenses for the production of hydrocarbons, it has 1,809 oil and 153 gas wells on its balance sheet. The company owns 537 filling stations.
PJSC Ukrnafta in January-June 2021 saw a net profit of UAH 1.585 billion versus UAH 2.596 billion of a net loss for the same period in 2020.
According to the company’s statement in the information disclosure system of the National Securities and Stock Market Commission, its net income in the first half of the year increased 1.5 times (by UAH 5.069 billion), to UAH 15.042 billion, gross profit – 3.3 times (by UAH 4.608 billion 607.785 million), to UAH 6.571 billion.
Ukrnafta is the largest oil company in the country. NJSC Naftogaz Ukrainy owns 50% + 1 share in Ukrnafta, a group of companies associated with the former shareholders of PrivatBank – about 42% of shares. Ukrnafta has 25 drilling rigs, 1,891 oil and 162 gas well. The company owns 537 filling stations.
Naftogaz Group reduced capital expenditures (capex) by 44.5% (or by UAH 12.193 billion) in 2020 compared to 2019, to UAH 15.044 billion.
As indicated in the consolidated statements of the group published on Tuesday, capex of the exploration and production segment was UAH 11.023 billion (a fall of 26.2% to 2019), oil midstream and downstream – UAH 1.185 billion (a fall of 35.4%), Ukrnafta – UAH 1.113 billion (a fall of 23%), gas storage – UAH 0.143 billion (a rise of 3.3 times), commerce – UAH 0.133 billion (a rise of 11.1 times), other – UAH 1.448 billion (a fall of 83.8%).
As reported, the consolidated net loss of NJSC Naftogaz Ukrainy in 2020 amounted to UAH 19.002 billion compared to a net profit of UAH 63.294 billion in 2019. Excluding the results of the discontinued operations, including the Gas Transit Arbitration award of UAH 55.7 billion, the net profit was UAH 2.6 billion.
Naftogaz’s revenues in 2020 grew by 27.1% (by UAH 41.184 billion) compared to 2019, to UAH 193.017 billion, including income from sales being UAH 159.234 billion (a rise of 6.3%), compensation for performing public service obligations totaling UAH 32.205 billion (a rise of 100%), and interest and other income reaching UAH 1.578 billion (a fall of 23.1%).
The net loss of NJSC Naftogaz Ukrainy, as a separate legal entity, in 2020 amounted to UAH 18.002 billion versus UAH 50.658 billion of net profit for 2019. Net income last year decreased 32.1% compared to 2019, to UAH 121.059 billion.
