Ukrtransnafta CEO Volodymyr Tsependa and Asset Recovery and Management Agency (ARMA) head Olena Duma signed an addendum to the current agreement on managing the Ukrainian section of the Samara – Western Direction” (SZN), which provides for an increase in the company’s monthly payments to the state budget from UAH 1.1 million to UAH 5 million.
“The focus is on responsible management of part of the Samara-Western Direction oil product pipeline in the new security environment of 2025,” Ukrtransnafta said on Facebook on Friday.
According to the company, the decision takes into account the updated operating conditions of the facility and is aimed at improving its efficiency.
“We view the management of this facility not only as an operational function, but as the company’s responsibility to the state to work efficiently, transparently, and results-oriented,” Tsependa said.
Ukrtransnafta emphasized that the parties had demonstrated a common position: to act proactively, ensure the continuous operation of critical infrastructure, and transparently manage state property.
As reported, the Ukrainian section of the SZN had long belonged to Prikarpatzakhidtrans LLC (Rivne), but as a result of court proceedings, it was returned to state ownership in early 2021. Ukrtransnafta won the tender for its management and in September 2021 received all the necessary documents for the operation of the Ukrainian branch of the SZN and confirmed its readiness to resume its work.
After the start of the full-scale Russian invasion, given the impossibility of resuming the operation of the oil product pipeline in the planned direction of pumping oil products from Belarus, as well as the need to ensure the state’s defense capability to meet the needs of the Armed Forces of Ukraine in wartime, Ukrtransnafta began pumping diesel fuel in reverse from Hungary to Ukraine.
Ukrtransnafta, 100% of whose shares are managed by Naftogaz of Ukraine, is the operator of the country’s oil transportation system.
In 2023, Ukrtransnafta’s net profit increased by 40% to UAH 5.6 billion. In 2024, the company paid UAH 5.29 billion in dividends to its shareholder, Naftogaz of Ukraine, based on its performance in 2023.
On May 22, Ukrtransnafta (Kyiv) announced a tender for liability insurance for business entities and other legal entities that use high-risk facilities for damage that may be caused as a result of emergencies.
According to a notice in the Prozorro electronic public procurement system, the expected cost of the services is UAH 693,760 thousand.
Documents will be accepted until June 2.
Ukrtransnafta, 100% of whose shares are managed by Naftogaz of Ukraine, is the operator of the country’s oil transportation system.
JSC “Ukrtransnafta” has increased its stake in PJSC “Insurance Company Transmagistral” from 91.99% to 98.45%, according to the company’s information posted in the information disclosure system of the National Commission on Securities and Stock Market (NCSSM). As reported on February 28, 2025, IC “Transmagistral” has increased the authorized capital to UAH 248 million by conducting an additional issue for the amount of UAH 200 million Additionally, 20 million shares with a par value of UAH 10 for the amount of UAH 200 million were sold.
As reported, the decision on the issue was made by the shareholders at the meeting on November 29, 2024.
Earlier, the National Bank of Ukraine agreed to the state of Ukraine indirect ownership of 92.4059% of shares of PJSC Insurance Company Transmagistral. Prior to that, on January 8, the NBU confirmed the company’s ownership structure compliance with transparency requirements.
As noted on the company’s website as of Q3 2024 the shareholders of the company were JSC “Ukrtransnafta” – 91,992%, Primary trade union organization of JSC “Ukrtransnafta” (Kremenchug, Poltava region) – 5,1%.
IC “Transmagistral” was registered in 2003, specializes on rendering services in the sphere of risk insurance.
JSC “Ukrtransnafta” and IC “Arsenal Insurance” (both – Kiev) have concluded a contract of compulsory insurance of civil liability of owners of land vehicles (MTPL).
According to the message in the system of electronic public procurement Prozorro, the price offer of the company was UAH 627,658 thousand with the declared in the system UAH 1,433 million.
Insurance companies IC “VUSO” with the offer of UAH 607,352 th. and SG “TAS” – UAH 775,049 th. also took part in the tender.
IC “Arsenal Insurance” is the legal successor of IC “Arsenal-Dnepr”, operating in Ukraine since 2005. It is represented in all regional centers and some large cities of the country.
JSC Ukrtransnafta (Kiev) announced a tender for mandatory personal insurance of members of volunteer fire brigades.
According to a report in the electronic public procurement system Prozorro, the expected cost of purchasing services is 56,374 thousand UAH.
“Ukrtransnafta”, 100% shares of which are managed by NJSC “Naftogaz of Ukraine”, is the operator of oil transportation system of the country.
JSC Ukrtransnafta in June for the first time transported Algerian Saharan Blend crude oil, the press service of the company has reported
“After checking the quality indicators of crude oil, the company began accepting it into the oil transmission system for further transportation to the facilities of the Kremenchuk oil refinery. Algerian oil will be transported through the Odesa-Kremenchuk pipeline,” the press service said.
The press service recalled that in addition to pumping oil from Ukrainian fields, UTN now already has experience in transporting six grades of imported oil: Urals, Azeri Light, Bakken (since July 2019), El Sharara (since November 2019), WTI (since June 2020) and Saharan Blend.
