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.
Prices for all types of fuel rose by 1–3 UAH/liter on Friday compared to Thursday; against this backdrop, PJSC “Ukrnafta” lowered the price of A-95+ by 3 UAH/liter, bringing it in line with A-95, according to data monitoring on websites and in network apps conducted by the “Energoreforma” internet portal.
According to the data, three of the surveyed gas station chains raised diesel fuel prices by 3 UAH/liter: Socar, WOG, and UPG, with the first two currently selling diesel at 84.99 UAH/liter and diesel+ at 87.99 UAH/liter. The same price applies at OKKO, which brought its prices in line with this level by raising them by 2 UAH/liter. UPG lists prices of 82.9 UAH/liter and 85.9 UAH/liter, respectively.
State-owned “Ukrnafta,” following a 2 UAH/liter increase in diesel prices, has a diesel price of 77.99 UAH/liter and diesel+ at 81.99 UAH/liter, which is the lowest among the surveyed networks.
The price of gasoline increased by 1 UAH/liter at OKKO, by 2 UAH/liter at WOG, and by 3 UAH/liter at Socar and UPG, but UPG’s price remains the lowest among private chains. Meanwhile, the state-owned “Ukrnafta” left the price of A-95 unchanged and reduced the price of A-95+ by 3 UAH/liter. For both types of fuel, it stands at 68.99 UAH/L.
Fuel prices (averages) as of March 20 compared to March 19 (based on monitoring by “Energoreforma” of network websites and apps*).
*Not all gas stations provide up-to-date prices on their websites and in their apps
As reported, at the beginning of last month, Serhiy Kuyun, director of the consulting firm A-95, predicted that diesel fuel prices would rise to 80 UAH/liter by the end of the month and noted the conditions for a further increase to 90 UAH/liter. At the same time, he indicated that he does not believe diesel fuel will reach 100 UAH/liter. According to him, since price spikes have affected many countries, the global economy cannot sustain such prices, and every effort will be made to offset the increase. He added that gasoline prices will rise only slightly.
Ukrnafta JSC became one of the largest importers of diesel fuel in January 2026 and ranked among the top two in terms of volume, the company reported on Monday.
“The state-owned company imported 68,000 tons of Arctic and winter diesel fuel into Ukraine, which is almost 15% of the total volume of imports during this period,” Ukrnafta said.
Most of the fuel was purchased from the Polish state-owned concern Orlen, with purchases also made from Romania’s OMV Petrom and Lithuania.
“The company is working to provide customers with high-quality Euro-5 fuel, so in January it focused on purchasing Arctic diesel, which is recommended for use in extremely low temperatures,” said Ukrnafta CEO Bohdan Kukura.
According to the consulting group A-95, a total of 455,600 tons of fuel were imported into Ukraine in January 2026, which is 44% more than in the same period last year.
As reported, according to the top 10 A-95’s top 10 largest importers of light petroleum products in 2025, Ukrnafta ranked seventh with an annual volume of 424,000 tons, increasing its imports by 288% (109,200 tons) compared to 2024.
JSC Ukrnafta is Ukraine’s largest oil production company and operates 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 update the format of its network of gas stations. Since February 2023, it has been issuing its own fuel vouchers and NAFTA 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 were previously owned by private owners, to the state, and they are now managed by the Ministry of Defense.
