Business news from Ukraine

There was an earthquake in Poltava region

An earthquake with a magnitude of 2.7 was recorded in the Poltava region on May 26 at 21:38, the epicenter was in the Reshitilovsky district, the website of the Main Special Control Center of the National System of Seismic Observations reported.
“In the Poltava region recorded an earthquake with a magnitude of 2.7. The epicenter of the earthquake is located in Reshitilovsky district, Poltava region, to the west of Poltava, at a depth of 7 km. According to the classification of earthquakes is classified as barely perceptible. Fluctuations can be felt only by individuals who are in a quiet state inside, especially on the upper floors”, – stated in the message.
It is noted that similar in strength earthquakes in the Poltava region have been previously recorded, in particular, the last of them was on January 14, 2023 with a magnitude of 2.7, and on October 3, 2022 with a magnitude of 3.4.

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Ukrgazvydobuvannia resumes operation of 2 wells in Poltava region

JSC Ukrgazvydobuvannia has resumed the work of two previously stopped wells in Poltava region with a production capacity of 250,000 cubic meters per day, the company said in the Telegram channel on Monday.
“Specialists of Ukrgazvydobuvannia resumed the life of two wells that had previously stopped producing gas due to the depletion of gas-bearing horizons. Now, after an overhaul, we are extracting about 250,000 cubic meters of gas per day from them,” it informed.
As the company explained, in order to resume the work of wells, the specialists of Ukrgazvydobuvannia decided to use other promising horizons, for which they replaced old worn-out pipes and perforated them.
Both workover operations were performed by the internal service contractor UGV-Service.
“Despite the danger and difficulties with logistics and the provision of necessary materials, the employees of the branch continue to perform both basic repairs and highly complex operations to remove emergency equipment, prepare for hydraulic fracturing operations and test wells after development and exploratory drilling,” Ukrgazvydobuvannia said.
Thanks to an overhaul at one of the mentioned wells, an opportunity has also opened up to increase gas reserves that were not previously taken into account.
As reported, in January-June 2022 Ukrgazvydobuvannia reduced the supply of commercial gas by 1.5% compared to the same period in 2021, to 6.31 billion cubic meters.

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MANUFACTURER OF GRAIN PROCESSING EQUIPMENT OLIS OPENS GRAIN WORKSHOP IN POLTAVA REGION

A manufacturer of grain processing and grain cleaning equipment, Olis LLC (Odesa), has built and put into operation a grain workshop of its production Optimatic K-15 in Poltava region.
“Good news not only for Olis as a manufacturer and supplier of grain processing equipment, but also for the region, where, thanks to a quality grain workshop, there will be no shortage of cereals. After all, local food production is very important today,” the machine-building company wrote on Facebook on Wednesday.
According to it, Optimatik K-15 is an aggregate universal grain mill designed for production of wheat, barley, pearl barley, peas, corn and millet.
A unit with a rated power of 30 kW/h can process 400-600 kg of millet, pearl barley or corn, or 700-800 kg of wheat, barley or peas per hour.
As reported, Olis resumed the work of its plant in Odesa region at the end of March and resumed the manufacture of equipment under new and previously concluded contracts.
Olis produces about 200 items of equipment for the grain processing industry. The enterprise is able to produce grain cleaning complexes, mills and grain workshops from the stage of technology development to commissioning of facilities.
The company’s products are exported to more than 25 countries around the world.

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DTEK OIL&GAS PLANS TO INVEST UAH 1.2 BLN IN ZINKIVSKA FIELD (POLTAVA REGION)

DTEK Oil&Gas, responsible for oil and gas segment in the DTEK Group, after signing a product sharing agreement (PSA) for the Zinkivska field (Poltava region) will invest UAH 1.2 billion in its exploration and development, the company’s press service has reported.
DTEK plans to re-process and re-interpret data from previously conducted seismic surveys and gas-dynamic well surveys, 3D surveys, and drill three cat wells in this area. The planned start of production is the second year since the start of work.
As reported, on July 1, the intergovernmental commission on PSA prepared proposals for the winners of nine continental fossil fuel fields put up for competition for the Cabinet of Ministers. The conclusions of the commission are advisory in nature. The final decision is to be made by the government, which must approve the results of the competition by the adoption of relevant documents.

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ASTARTA INVESTS $19.2 MLN IN GRAIN ELEVATOR IN POLTAVA REGION

Astarta agricultural holding in July 2019 started accepting grain at Semenivsky elevator (Poltava region) with a capacity of 120,000 tonnes and investments of $19.2 million, the press service of the holding has said. According to the report, this elevator is the largest one in Astarta’s structure. It is designed to accept grain from the agricultural holding’s farms and from partners.
The construction of the elevator lasted nine months, it can ship over 54 wagons of grain per day. According to the company, Astarta has seven grain elevators in Poltava, Vinnytsia and Khmelnytsky regions with a total capacity of 550,000 tonnes of grain. As reported, in March 2019 Astarta bought an elevator in Khmelnytsky region for EUR4.6 million.
Astarta after three years of profitable work in 2018 received a net loss of EUR21.11 million. Its revenue decreased by 18.8%, to EUR372.22 million, EBITDA by 2.1 times, to EUR56.87 million.

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TEXTILE-KONTAKT LAUNCHES SEWING FACTORY IN POLTAVA REGION

The Textile-Kontakt Group, a large retail and industrial groups on the light industry market in Ukraine, has launched a sewing factory in Lubny (Poltava region), which will make overalls, the company has reported on its website. “This is the fourth platform of the company, focused on implementing complex orders,” the company said.
As reported, the holding’s sewing factories operate in Kyiv, Chernihiv and Odesa. The production capacity of the new factory is 90,000 sets per year. It is planned, in particular, to sew military field and summer uniform sets, as well as uniform sets with special properties (fire-resistant, water-repellent).
According to the company, the new factory can implement government orders for the supply of uniforms and workwear for the Ministry of Defense and the National Guard of Ukraine, Ukrzaliznytsia, airports and nuclear power plants.
The press service told Interfax-Ukraine that Textile-Kontakt invested about UAH 4.5 million in the new factory. “The fabric for sewing will be basically ours, and the threads are completely ours (the Barva trademark). We want to create a closed production cycle,” the company said.
A total of 97 people have been employed at the sewing production facility in Lubny today. Textile-Kontakt was founded in 1995 and today represents a holding company that combines various areas of assets: wholesale and retail trade, the import of fabrics, accessories and home textiles, as well as tailoring of special clothing (including military uniforms).

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