JSC ‘Ukrnafta’ transferred 656.2 million UAH to the state budget based on the 2025 performance of PJSC “Ukrnaftoburinnya,” the company reported.
The funds were received under an asset management agreement signed between “Ukrnafta” and the Agency for the Search and Management of Assets (ARMA).
“In total, since 2023, thanks to the company’s work, over 2.5 billion hryvnias have been transferred to the state budget (…) I thank the team for their responsibility and daily work, and ARMA for its effective cooperation,” said Bohdan Kukura, chairman of the board of Ukrnafta.
For its part, ARMA states that the management of “Ukrnaftoburinnya” is one of the prime examples of the agency’s effective collaboration with the operator.
“Ukrnafta is duly fulfilling the terms of the agreement, and the result of this work is tangible—over 2.5 billion hryvnia directed to the state budget starting in 2023,” noted Yaroslava Maksymenko, acting chair of ARMA.
In July 2023, the Cabinet of Ministers of Ukraine transferred the corporate rights of PJSC “VK “Ukrnaftoburinnya” to the management of PJSC “Ukrnafta.” In December 2023, a court suspended gas production at the Sakhalin field, located in the Bohodukhiv District of Kharkiv Oblast; however, the company resumed operations in August 2024.
“Ukrnaftoburinnya” is one of the largest private gas production companies in Ukraine. Since 2010, it has been developing the Sakhalin oil, gas, and condensate field, which has reserves of 15 billion cubic meters of gas.
“Ukrnafta” is preparing for the fall-winter period amid ongoing Russian attacks on civilian oil and gas production infrastructure.
Bogdan Kukura, Chairman of the Board of Ukrnafta, and Serhiy Fedorenko, Acting Chairman of the Board of Naftogaz of Ukraine, visited Ukrnafta’s production units in northern and eastern Ukraine.
“The main focus is on people’s safety and the protection of production facilities. Our top priority is to safeguard our personnel and minimize the consequences of possible attacks,” said Bogdan Kukura, Chairman of the Board of JSC “Ukrnafta.”
During the visit, they inspected shelters for employees, warning systems, and the availability of personal protective equipment. They also specifically checked the security status of production facilities and the units’ readiness for operations during the fall and winter months.
The company continues to strengthen security measures and prepare its production infrastructure to operate under conditions of constant threats. The primary objective is to protect people and ensure the stable operation of production facilities.
JSC “Ukrnafta” is Ukraine’s largest oil producer and operates the country’s largest national network of gas stations—UKRNAFTA. In 2024, the company began managing Glusco’s assets. In 2025, it finalized a deal with Shell Overseas Investments BV to acquire the Shell network in Ukraine. In total, it operates nearly 700 gas stations.
The company is implementing a comprehensive program to resume operations and modernize the format of the gas stations in its network. Since February 2023, it has been issuing its own fuel vouchers and “NAFTACard” cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
The largest shareholder of Ukrnafta is NJSC Naftogaz of Ukraine, with a stake of 50% + 1 share.
In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state the portion of the company’s corporate rights that belonged to private owners; this portion is now managed by the Ministry of Defense.
According to Experts.news, in August 2026, the OKKO Group became the largest importer of diesel fuel into Ukraine, supplying nearly 89,000 metric tons—a 47% increase compared to August of last year, as reported by the A-95 Consulting Group.
Ukrnafta took second place with a volume of nearly 77,000 metric tons. Over the past year, the company increased its imports by 2.4 times.
“Energo Trade JSC” became the third-largest importer, with 55,600 metric tons, although its shipments fell by 44%.
UPG imported 55,400 metric tons, a 3% increase, while WOG imported 40,300 metric tons, a 46% increase compared to last year.
The Western Fuel and Energy Company (ZPEK) also showed significant growth, increasing its imports by a factor of 2.2 to 39,000 metric tons.
According to the “A-95” chart on the third page of the press release, the rest of the top 10 importers for August included “Paid” with 32,300 metric tons, “BRSM-Nafta” with 24,600 metric tons, “Martin Trade” with 17,100 metric tons, and “Gaztrim” with 16,400 metric tons.
Finland is supporting the reconstruction of Ukraine’s war-torn energy sector by allocating 28.5 million euros from its development cooperation funds.
According to a press release from the Finnish Ministry of Foreign Affairs, the total cost of the power plant technology is 46.5 million euros, with Ukraine financing the remainder of the project on its own.
Wärtsilä Finland Oy was selected as the supplier. The power plants will be manufactured in Vaasa, which will also contribute to job creation, the development of expertise, and exports in Finland.
The Ukrainian state-owned energy company Ukrnafta is purchasing these power plants to ensure energy production in the country. Reliable energy production is of vital importance, especially during the winter months, when Russian attacks on energy infrastructure complicate daily life in Ukraine.
According to Minister of Foreign Trade and Development Ville Tavio, this project combines Finland’s support for Ukraine with the advantages of Finnish technology.
“Finland possesses world-class expertise in the energy sector, which can be of great help to Ukraine in its recovery efforts. I am pleased that Finnish technology and Finnish workers are contributing to strengthening the security of Ukraine’s energy supply. At the same time, this project promotes Finnish exports and employment,” Minister Tavio noted.
Finland’s funding for the project is provided through the Finnish-Ukrainian Investment Fund (FUIF). The FUIF’s goal is to support public investments in Ukraine using Finnish technology, expertise, and services. Finland’s financial resources will be used to cover the interest expenses and principal amount of the investment loan that Ukraine will receive. Finvera is providing a 100% export guarantee for this loan.
In 2026, Ukrnafta JSC will allocate an additional 2.5 billion hryvnia to protect its production infrastructure from shelling by Russia, which has intensified, said Bogdan Kukura, the company’s chairman of the board.
“We have shifted our priorities toward protecting facilities and ensuring the safety of equipment through underground construction. Therefore, this year we are allocating an additional 2.5 billion hryvnia to protect (production – IF-U) infrastructure; this is a huge investment,” he said in an exclusive interview with Interfax-Ukraine.
According to him, the drilling plan for this year calls for 15 wells to be completed. At the same time, Kukura suggested that, thanks to a balanced drilling program, there is a possibility this figure could increase. (Last year, the company set a drilling record, bringing the total to 25 wells – IF-U).
“A total of 11 wells have already been drilled since the beginning of the year—including those drilled jointly with Ukrgazvydobuvannya. But for us, it is not so much the quantitative figure that matters as, first and foremost, economic efficiency, production rate, and the contribution to increasing output,” Kukura noted.
He noted that the collaboration between “Ukrnafta” and “Ukrgazdobycha” has proven effective, and together the companies have drilled three high-yield wells, each with a depth ranging from 4.5 to 5.6 km.
“This project has confirmed the effectiveness of combining the expertise of state-owned companies, so we plan to continue developing this kind of cooperation in the future,” emphasized the CEO of Ukrnafta.
Kukura also noted that the company has suspended the UKRNAFTA network expansion program in the east due to constant shelling by Russia, which “would render all modernization efforts futile,” and is currently focused on protecting its facilities there. At the same time, he noted that in the west of the country, UKRNAFTA is working as hard as possible to continue modernizing gas stations and is allocating part of the funds received from commercial operations toward this effort.
“Overall, we are trying to maintain a balanced allocation of revenue from both segments—production and commercial operations,” Kukura emphasized.
As previously reported, in this interview, Kukura stated that JSC “Ukrnafta’s” oil production losses for the first half of 2026 amounted to 150,000 metric tons—this includes both physical losses, i.e., oil that burned as a result of shelling, and the volume of oil not produced due to operational shutdowns. According to him, oil losses in the first half of 2026 significantly exceed the figures for the same period of the previous year.
In the first seven months of 2026, Russia destroyed 37 gas stations belonging to the Naftogaz Group; some of them were successfully restored, but the rest sustained critical damage and ceased operations.
In July 2026, the state-owned company Ukrnafta increased its diesel fuel imports by 2.4 times compared to July of last year—to nearly 60,000 metric tons—ranking second among the country’s largest importers.
These figures were reported by the “A-95 Consulting Group.” A total of 134 companies imported diesel fuel in July.
The OKKO Group retained first place, importing more than 73,000 metric tons of diesel fuel. Its imports rose by 32% compared to July 2025.
Ukrnafta accounted for about 59,800 metric tons, or approximately 10.6% of the country’s total diesel fuel imports in July.
UPG took third place with 53,200 metric tons. Next came Energo Trade JSC with 50,700 metric tons and WOG with 42,900 metric tons.
Thus, the five largest importers together imported about 280,000 metric tons of diesel fuel—nearly half of the total volume of supplies to Ukraine in July.
Among the major market players, the Western Fuel and Energy Company (ZPEK) demonstrated the highest growth rate, increasing its imports by a factor of 5.3—to approximately 32,000 metric tons.
The sharp increase in Ukrnafta’s purchases comes amid its growing role in the Ukrainian petroleum products market following the expansion of its own network of gas stations and trading operations.
Overall, Ukraine imported 562,000 metric tons of diesel fuel in July—5% more than a year earlier.
However, despite the rise in imports, A-95 reported a fuel shortage in the market. Analysts cite several reasons for this, including increased demand following a rise in global prices, higher purchases by industrial and private consumers, and increased consumption due to the shift in agricultural exports toward road and rail transport.
In August, analysts expect the situation to gradually normalize thanks to a decline in global prices and an increase in fuel supply.
