PJSC Ukrnafta is working on implementing projects to generate energy from its own gas with a total capacity of up to 370 MW.
According to the company’s press release, this was announced by Duncan Nightingale, Chairman of the Supervisory Board of Ukrnafta, during the World Economic Forum in Davos.
He thanked the governments of Sweden, Norway, the Netherlands and the United States, as well as the European Bank for Reconstruction and Development (EBRD) for their support on the path to sustainable development and invited new partners to join the implementation of ambitious promising projects.
“We need to invest in Ukraine now. If you wait for the war to end, you may lose the most profitable projects,” Nightingale emphasized.
For his part, EBRD Vice President Matteo Patrone noted the positive financial results achieved by the company and improvements in the management system.
“They (Ukrnafta – IF-U) have demonstrated not only excellent financial results, but also true corporate governance. This is the achievement of Sergiy (Koretsky) and the Board. If two years ago I had been asked whether we would support Ukrnafta, I would have said no. But what has happened over the past 18 months is simply amazing,” he said.
“Ukrnafta is Ukraine’s largest oil producer and operator of a national network of filling stations. In March 2024, the company took over the management of Glusco’s assets and operates 547 filling stations – 462 owned and 85 managed.
The company is implementing a comprehensive program to restore operations and update the format of its filling stations. Since February 2023, the company has been issuing its own fuel coupons and NAFTAKarta cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
“Ukrnafta holds 92 special permits for commercial development of fields. It has 1832 oil and 154 gas production wells on its balance sheet.
Ukrnafta’s largest shareholder 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 to the state a share of corporate rights of the company owned by private owners, which is currently managed by the Ministry of Defense.
