Business news from Ukraine

Business news from Ukraine

“Ukrnafta” Surpassed OKKO and UPG in Diesel Fuel Imports in September

In September 2026, Ukrnafta became the largest importer of diesel fuel to Ukraine for the first time, supplying 105.3 thousand metric tons of the fuel, according to data from the A-95 Consulting Group and its analysis by the Experts Club.

The company’s import volume was 3.3 times higher than in September of last year.

OKKO took second place among the largest importers with 57,500 metric tons, while UPG came in third with 47,000 metric tons.

The top five also included AT Energo Trade with 44,000 metric tons and WOG with 42,500 metric tons.

Next came ZPEK with 29,400 metric tons, “Paid” with 28,900 metric tons, D.Trading with 26,500 metric tons, “Martin Trade” with 18,100 metric tons, and “Gaztrim” with 12,000 metric tons.

Among the largest players, the ZPEK Group showed the most significant growth compared to last year. Over the first nine months of 2026, its imports rose by 228% and approached 250,000 metric tons.

Total diesel fuel imports into Ukraine in September amounted to 537,000 metric tons, which is 21% less than a year earlier.

According to Serhiy Kuyun, director of the A-95 Consulting Group, changes among the largest importers are occurring against the backdrop of logistics transformation, high volatility in global prices, and the need for companies to establish more stable supply channels.

“The fuel market continues to face unprecedented challenges caused by Russian attacks. Importers are actively developing new logistics channels and expanding their vehicle fleets,” notes “A-95”.

The A-95 consulting group has been researching the Ukrainian motor fuel market for over two decades and monitors prices, supplies, and market infrastructure.

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Four largest companies accounted for nearly 73% of gasoline imports into Ukraine in September

OKKO maintained its leadership among the largest importers of automotive gasoline into Ukraine, importing 51,000 metric tons of fuel in September 2026, according to data from a special study by the A-95 Consulting Group and calculations by the Experts Club analytical center.

Thus, OKKO accounted for about 35% of total gasoline imports in September, which amounted to 145,000 metric tons.

From January through September, the company imported 375,000 metric tons of gasoline—about 30% of the total volume of shipments to Ukraine since the beginning of the year, which reached 1.26 million metric tons.

Ukrnafta took second place among importers in September with a volume of 19,500 metric tons. WOG recorded virtually the same figure—19,000 metric tons.

UPG imported 15,900 metric tons of gasoline. Thus, the four largest companies—OKKO, Ukrnafta, WOG, and UPG—accounted for a total of 105,400 metric tons, or nearly 73% of all gasoline imports into the country for the month.

Next came BRSM-Nafta with 5,300 metric tons, Avantage with 3,400 metric tons, BVS and SOCAR with 2,600 metric tons each, KLO with 2,300 metric tons, and VST with 1,900 metric tons. Other companies collectively imported 21,300 metric tons.

In September, gasoline imports into Ukraine fell by 5% compared to August—to 145,000 metric tons. The A-95 Consulting Group attributes the decline in supplies to a seasonal drop in consumption and this year’s record-high retail gasoline prices, which encouraged drivers to conserve fuel.

At the same time, compared to September 2025, imports rose by 3%, and over the first nine months of this year—by 15%, to 1.26 million metric tons.

Source: “A-95” Consulting Group.

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Insurance Company “Guardian” Will Insure “Ukrnafta’s” Liability During Development of Oil and Gas-Bearing Subsoil

On September 24, PJSC “Ukrnafta” (Kyiv) announced its intention to enter into a liability insurance agreement with Guardian Insurance Company covering holders of special permits for the use of oil and gas-bearing subsoil during the development of such resources in cases provided for by the Law “On Oil and Gas.”

According to the Prozorro electronic public procurement system, the company’s bid amounted to 527,000 UAH, compared to the expected cost of purchasing the services of 952,000 UAH.

Insurance Company “Ultra Alliance” also participated in the tender with a bid of 850,000 UAH.

As previously reported, Guardian Insurance Company was the winner of a similar tender a year ago.

 

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“Ukrnafta” Plans to Insure Subsurface User Liability for 527,000 UAH

On September 24, PJSC “Ukrnafta” (Kyiv) announced its intention to enter into an insurance contract with Guardian Insurance Company to cover the liability of holders of special permits for the use of oil and gas-bearing subsoil resources during the development of such resources, in cases provided for by the Law “On Oil and Gas.”

According to the Prozorro electronic public procurement system, the company’s bid amounted to 527,000 UAH, compared to the expected cost of 952,000 UAH for the services.

Insurance Company “Ultra Alliance” also participated in the tender with a bid of 850,000 UAH.

As previously reported, Guardian Insurance Company was the winner of a similar tender a year ago.

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“Ukrnafta” is seeking tank cars for long-term lease

UKRNAFTA is seeking reliable logistics partners.

The company is announcing a commercial procurement for the long-term lease of rail tank cars.

We are accepting proposals for two categories:

•⁠ ⁠steam-jacketed tank cars for the transportation of dark petroleum products;

•⁠ ⁠non-steam-jacketed tank cars for the transportation of light and dark petroleum products.

The location for service provision is Ukraine.

We are accepting proposals from September 23 until 3:00 p.m. on October 14, 2026.

Let’s work together to support Ukraine’s energy resilience!

For more details, see this link.

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% plus one 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 previously held by private owners; the company is now managed by the Ministry of Defense.

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“Ukrnaftoburinnya” Transferred 656.2 Mln UAH to State Budget for 2025

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.

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