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.
