Ukrnafta has transferred UAH 3.5 billion in dividends to Naftogaz of Ukraine based on its 2023 performance, the company’s press service said on Tuesday.
Taking into account the previously transferred dividends for the previous year, the company paid a total of about UAH 8 billion to another shareholder represented by the Ministry of Defense of Ukraine under this item.
“About UAH 8 billion has been transferred to the accounts and depositories of the company’s state shareholders – the Ministry of Defense of Ukraine and Naftogaz of Ukraine. The company is supporting the country’s economy and working for victory,” said Sergiy Koretsky, CEO of Ukrnafta.
As a reminder, in 2023, the company also paid UAH 25.7 billion in taxes and fees to the budgets of all levels.
As reported, in early February, the Cabinet of Ministers of Ukraine established that Naftogaz of Ukraine should allocate 95% of its net profit to dividends, and Ukrnafta – 30%, provided that 50% of the profit will be used for capital investments approved by the government in the company’s financial plan for 2024.
“Ukrnafta, in which Naftogaz owns 50%+1 share, announced that in 2023 it made a net profit of UAH 23.6 billion compared to a loss of UAH 1.1 billion in 2022.
Earlier, Naftogaz Group CEO Oleksiy Chernyshev said that in terms of dividend policy, Naftogaz would receive UAH 12.1 billion from Ukrgasvydobuvannya last year, UAH 6.6 billion from Ukrtransgaz, UAH 5.3 billion from Ukrtransnafta, and UAH 3.5 billion from Ukrnafta.
“Ukrnafta is the largest oil producer in Ukraine and operates a national network of 537 filling stations, of which 456 are in operation.
The company is implementing a comprehensive program to restore operations and update the format of its filling stations. Since February 2023, Ukrnafta 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. On November 5, 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.
PJSC “Ukrnafta” has launched a black high-development well in Ukraine’s West, the company’s press-service announced on Tuesday.
According to its data, the result more than doubled the forecasted one: the well flow rate is 54 tons per day with the expected 22.6 tons.
The object was planned as an exploratory well with the purpose of discovering deposits of stratigraphic deposits at a depth of more than 1.2 km. The drilling works were performed by Navigator-Komplekt LLC selected through a tender on Prozorro. This is the first of three wells to be constructed by this contractor.
“Ukrnafta” received a high-yield well and, more importantly, a technology to increase production at a particular field. Acid fracturing (AHF) is included in the investment projects for the construction of all wells at this field,” said the company’s director Serhiy Koretskyy.
As reported, Ukrnafta in 2023 increased production of oil with condensate by 3% (by 39.9 thousand tons) compared to 2022 – to 1 million 409.9 thousand tons, gas – by 5.8% (by 60.4 million cubic meters), to 1 billion 97.4 million cubic meters.
The company’s strategic goal is to double its oil and natural gas production to 3 million tons and 2 billion cubic meters respectively by 2027.
“Ukrnafta, Ukraine’s largest oil producer, is the operator of a national network of 537 gas stations, of which 456 are operational. The company is implementing a comprehensive program to revitalize its operations and update the format of its network of gas stations. Since February 2023, Ukrnafta has been issuing its own fuel coupons and NAFTACard, sold to legal entities and individuals through Ukrnafta-Postach LLC.
Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50%+1 share stake. On November 5, 2022, the Supreme Commander-in-Chief of the Ukrainian Armed Forces decided to transfer to the state the share of corporate rights of the company owned by private owners, which is now managed by the Ministry of Defense.
The National Bank of Ukraine (NBU) on May 23 announced a tender for voluntary medical insurance of employees with an expected cost of UAH 18.709m for the purchase of the service, according to the Prozorro e-procurement system.
Applications for participation are accepted until 12.00 on May 31.
Tender security 561,275 thousand UAH.
As reported, the winner of a similar tender for VHI announced by “Ukrnafta” on May 25, 2023 with the expected cost of procurement of services of 12.048 million UAH was SG “TAS” with a proposal of 10.819 million UAH, in connection with which July 7 with it was concluded a contract for VHI.
In the first quarter of 2024, Ukrnafta sold 52.6 mln liters of fuel in NAFTA cards and coupons. In particular, 18.7 million liters were sold in March.
The company’s press service reports.
In total, 140.4 million liters of fuel have been sold since the beginning of 2023, when the company launched its own B2B program.
The number of customers – public and private enterprises – exceeds 3 thousand.
Regional sales offices have been opened in Ivano-Frankivsk, Odesa, Dnipro, Lutsk, Khmelnytskyi, Vinnytsia, Kamianets-Podilskyi, Kharkiv, Zaporizhzhia, Poltava, Lviv, Cherkasy, and Mukachevo.
Ukrnafta coupons are accepted at 866 filling stations and cards at 1003 filling stations across the country, including SOCAR, Ovis, VST and other networks.
In January-March 2024, PJSC Ukrnafta sold 52.6 million liters of fuel using coupons and NAFTACard, including 18.7 million liters in March.
According to the company’s Facebook post, a total of 140.4 million liters of fuel have been sold since the beginning of 2023, when the company launched its own B2B program.
The number of customers – public and private enterprises – has exceeded 3,000, and regional sales offices have been opened in Ivano-Frankivsk, Odesa, Dnipro, Lutsk, Khmelnytsky, Vinnytsia, Kamianets-Podilskyi, Kharkiv, Zaporizhzhia, Poltava, Lviv, Cherkasy, and Mukachevo.
The company has also signed six inter-company agreements for coupons and nine for cards. Ukrnafta’s coupons are accepted at 866 filling stations and cards at 1003 filling stations across the country, including such networks as SOCAR, Ovis, VST, etc.
As reported, in 2023 Ukrnafta increased oil and condensate production by 3% (by 39.9 thousand tons) compared to 2022, to 1 million 409.9 thousand tons, and gas production by 5.8% (by 60.4 million cubic meters), to 1 billion 97.4 million cubic meters.
The company’s strategic goal is to double oil and natural gas production to 3 million tons and 2 billion cubic meters by 2027, respectively.
“Ukrnafta is the largest oil company in Ukraine and operates a national network of 537 filling stations, of which 456 are in operation. The company is implementing a comprehensive program to restore operations and update the format of its filling stations. Since February 2023, Ukrnafta 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. On November 5, 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.
PJSC Ukrnafta is launching a revitalization program and invites investors to participate in the restoration of the first 20 wells.
“An important part of the company’s strategy to increase production is the restoration of already drilled but abandoned wells that have prospects through the use of modern technologies,” the company said in a press release, citing Ukrnafta CEO Serhiy Koretsky.
Currently, 4222 such wells have been identified, of which 2100 are within Ukrnafta’s special permits, 700 of which are within the reserve contours.
“The company has selected 30 wells out of these 700 for the pilot. 10 will be restored on our own, and a tender is announced for 20. The company invites partners to help restore production at these sites by drilling horizontal sidetracks,” the document explains.
The company offers a deal based on the Risk Service Agreement, under which the investor must pass compliance and get access to the Virtual Data Room with information about the well.
“Ukrnafta, for its part, together with specialists, is forming a pool of wells, from three to 12, which will be restored by drilling at the expense of partners. The cost of restoring production from the wells is determined by bidding in the Prozorro system.
Subsequently, Ukrnafta receives an additional resource and pays for the revitalization using the funds from production from the restored wells. The partners, for their part, receive a share of the additional production from the revitalized wells.
“Any Ukrainian and international company that passes the compliance procedure can join,” the company said.
As reported, in 2023 Ukrnafta increased oil and condensate production by 3% (by 39.9 thousand tons) compared to 2022 – up to 1 million 409.9 thousand tons, gas production by 5.8% (by 60.4 million cubic meters), up to 1 billion 97.4 million cubic meters.
The company’s strategic goal is to double oil and natural gas production to 3 million tons and 2 billion cubic meters by 2027, respectively.
“Ukrnafta is the largest oil company in Ukraine and operates a national network of 537 filling stations, of which 456 are in operation. The company is implementing a comprehensive program to restore operations and update the format of its filling stations. Since February 2023, Ukrnafta 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. On November 5, 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.
