Business news from Ukraine


9 October , 2017  

KYIV. Oct 9 (Interfax-Ukraine) – The multi-sector holding OKKO Group, which includes the OKKO filling station chain (Galnaftogaz Concern), intends to import natural gas for the needs of own businesses and for selling it on the Ukrainian market, planning first supplies from Poland this month.
“The current liberalization gives us a chance of not only starting in this business successfully, but also becoming a noticeable player on the Ukrainian gas market,” OKKO Group Vice President Yuriy Kuchabsky said last week.
He said that the group wants to use experience accumulated during the imports of fuel in the new business and a large database of clients in Ukraine.
OKKO said that the company has received a license from the National Commission for Energy, Housing and Utilities Services Regulation (NCER) and held negotiations with potential suppliers.
OKKO seeks to switch to gas purchase directly at the European gas hubs in the future.
According to the press release, the group will offer a price package for natural gas and fuel. The company is mulling sales of gas via the ProZorro e-procurement system.
OKKO incorporates over 10 various businesses in production, trade, construction, insurance, servicing and other sectors.
The European Bank for Reconstruction and Development, Goldman Sachs, Horizon Capital, Renaissance Capital, Genesis Asset Managers, LLP and other companies are shareholders and institutional investors in the holding.