Business news from Ukraine

UKRAINE TO FINANCE CONSTRUCTION OF BRIDGE TO MOLDOVA

Ukraine will finance the construction of a bridge across the Dniester River, which will become part of a new highway connecting Kyiv and Chisinau, said Ihor Zhovkva, Deputy Head of the Office of the President of Ukraine.
“One of the projects that we will start immediately will be the construction of a bridge across the Dniester River in the Yampil-Kosuets region, and a corresponding highway that will connect Kyiv and Chisinau. And not just connect, but will allow almost to get by car from Kyiv to Chisinau across the new bridge in five hours. Funding for the construction of this bridge will be carried out at the expense of the state budget of Ukraine. I note that the construction of the entire bridge is carried out at the expense of Ukraine,” said Zhovkva in an interview with TSN, published on Monday.
According to him, Ukravtodor is already working on the appropriate regulatory framework for this funding.
“Also, Ukraine will complete a part of the highway from Kyiv directly to the bridge. Most of it has already been built, restored or reconstructed … Moldova, for its part, will complete its own part of this highway. And, again, they have already built a part of this road. Therefore, this is an absolutely realistic project with realistic financing. The only thing left to do is to complete it. The Ukrainian and Moldovan sides have received the corresponding instructions from the two presidents,” Zhovkva said.

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NIKA-TERA PORT CUTS CARGO HANDLING BY 14%

Nika-Tera Sea Terminal (Sea Specialized Port Nika-Tera, Mykolaiv), part of Dmytro Firtash’ Group DF, handled 409 vessels and 7.38 million tonnes of cargo in 2020, which is 15% lower than in 2019.

According to the company’s website, the main types of cargo handled in the port are grain, legumes and oilseeds, as well as their processed products.
In 2020, the port started handling oil products and resumed handling fertilizers.
“The coronavirus [COVID-19] pandemic and the drop in crop yields are the main reasons for the 14% decrease in cargo handling. In 2020, grain was the main type of cargo handled in the port. At the same time, the crisis helped us open a new ‘window of opportunity’: we are talking about the restoration of volumes of mineral cargo and bitumen handlings,” CEO of Nika-Tera Alim Agakishiev commented on the results of the past year.
The structure of the company’s cargo turnover in 2020 looked as follows: grain, legumes and oilseeds, as well as their processed products accounted for 75% (some 5.55 million tonnes) of handling; open storage bulk cargo for 18% (some 1.3 million tonnes); liquid cargo for 4% (some 323,000 tonnes) and mineral fertilizers for 3% (some 194,000 tonnes).
In 2020, the port handled 409 vessels (versus 410 in 2019), while increasing the number of processed bulk carriers of the Panamax type (with a tonnage of about 65,000 tonnes) by 44% from 16 to 23 units.
In total, 63,114 rail cars and 65,910 vehicles were handled in the port.
Despite the COVID-19 pandemic, the port was able to ensure 100% retention of the company’s personnel and large-scale assistance to the city’s healthcare sector in the fight against COVID-19.
“We believe in a gradual recovery of the market, economy and, accordingly, the volume of cargo turnover in 2021. However, much will depend on weather conditions and the yield of key crops in this marketing year,” Agakishiev said.

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VOLUME OF CONSTRUCTION PRODUCTS PRODUCED BY TYPE IN JAN-NOV OF 2020 (MLN UAH)

Volume of construction products produced by type in Jan-Nov of 2020 (mln UAH).

SSC of Ukraine

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UKRAINE INTERNATIONAL AIRLINES PREPARES AIRCRAFT TO TRANSPORT VACCINES

Ukraine International Airlines (UIA, Kyiv) is ready to transport vaccines.
“Since the beginning of 2021, the active stage of vaccination has begun all over the world, which will tend to increase throughout the current year. In order to ensure safe delivery of vaccines, UIA has prepared Boeing 737 and Boeing 767 aircraft to transport the vaccines as cargo,” the press service of UIA said on Monday.
The airline also expressed its readiness to transport the vaccine not only to Ukraine, but all over the world. At the same time, it is noted that given the peculiarities of compliance with the required temperature regimes, transportation of the vaccine by air is the fastest and most reliable method of delivery.
According to the company, since the implementation of quarantine measures, UIA has transported 870 tonnes of medical cargo.

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JKX REDUCES AVERAGE DAILY HYDROCARBON PRODUCTION BY 5%

JKX Oil & Gas with assets in Ukraine and Russia in 2020 reduced average daily production of hydrocarbons by 5% compared to 2019, to 10,238 barrels of oil equivalent per day (boepd), the company said on the website of the London Stock Exchange.
Production in Ukraine decreased by 13%, to 4,849 boepd, in particular gas production fell by 15%, to 653,000 cubic meters per day (Mcmd), while oil and condensate by 5%, to 1,007 boepd.
Production of hydrocarbons in Russia increased by 4% and amounted to 5,389 boepd, in particular gas production to 905,000 cubic meters per day, condensate to 61 boepd.
JKX points out that in the fourth quarter of last year, compared to the previous quarter, production decreased by 4%, to 9,825 boepd due to a drop in production in Ukraine by 8%, to 4,351 boepd. In particular, gas production in Ukraine fell by 7%, to 592,000 cubic meters per day, oil and condensate by 10%, to 965 boepd.
JKX notes that the reduction in production is associated with a significant reduction in drilling and workover, but indicates that two new wells were drilled in Ukraine in the fourth quarter – IG146 on Ihnativske field with a current flow rate of 6 million cubic meters per day and 35 boepd and the side part of NN75 on Novo-Mykolaivske field with a current flow rate of 80 boepd.

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CENTER FOR CONSERVATION OF ARCHAEOLOGICAL OBJECTS APPEARS IN UKRAINIAN CAPITAL

The Center for Conservation of Archaeological Objects has officially appeared in Kyiv, the priority areas of which will be research and development of scientific documentation of archeological monuments in Kyiv, First Deputy Head of the Kyiv City State Administration Valentyn Mondrievsky said.
“The primary task of the institution will be to process historical values ​​that were found during archeological excavations at the Poshtova Square. The work will be carried out in close cooperation with the Institute of Archaeology of the National Academy of Sciences of Ukraine and its Kyiv expedition,” the press service of Kyiv City Council quotes Mondrievsky.
The Center will also conduct activities for the conservation of archaeological objects, experimental research, develop and implement in practice of conservation and restoration of archaeological objects, monuments of urban planning, architecture and monumental art, their survey and research.
“There are no similar institutions and opportunities in Ukraine for qualified conservation and museification of archaeological finds. This is especially true for wooden artifacts. The Center’s specialists will use mostly foreign experience. Our main task is to preserve all artifacts found during archaeological research,” director of the Department of Cultural Heritage Protection Oleksandr Nykoriak said.

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