Ukrnafta and Wärtsilä, with the support of the Ministry of Energy of Ukraine and the Naftogaz Group, have launched a collaboration in the field of energy resilience.
During a meeting between First Deputy Prime Minister and Minister of Energy Denys Shmyhal and Petteri Orpo, a framework agreement was signed for the supply of complete equipment for modern gas piston power plants between Ukraine’s largest oil producer, JSC Ukrnafta, and the Finnish leader in energy technology manufacturing, Wärtsilä.
“This is one of the strategic projects aimed at strengthening Ukraine’s energy security amid constant Russian attacks on energy infrastructure. The lengthy negotiation process is achieving its goal,” emphasized Serhiy Koretskyi, Chairman of the Board of NJSC Naftogaz of Ukraine.
The purchase will be financed through preferential loans from the Finnish-Ukrainian Investment Facility (FUIF), guaranteed by the Finnish export credit agency Finnvera.
“The project will provide backup power for the company’s critical units. The surplus of generated electricity will be directed to meet the needs of the population and businesses within the country’s integrated power grid, which has been affected by Russian attacks,” noted Bogdan Kukura, Chairman of the Board of JSC “Ukrnafta.”
Modern, highly flexible gas equipment will enable Ukrnafta to additionally provide balancing services for the electricity market and significantly strengthen energy security in the regions.
JSC “Ukrnafta” is Ukraine’s largest oil production company and operates the country’s largest national network of gas stations—UKRNAFTA. In 2024, the company entered into an asset management agreement with Glusco. In 2025, it finalized a deal with Shell Overseas Investments BV to purchase the Shell network in Ukraine. In total, it operates nearly 700 gas stations.
The company is implementing a comprehensive program to restore 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,” holding a 50%+1 share stake.
In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state the share of corporate rights in the company that belonged to private owners, which is now managed by the Ministry of Defense.
JSC Ukrnafta and the Finnish company Wärtsilä signed a framework agreement on the supply of complete equipment for gas piston power plants during a meeting between Finnish Prime Minister Petteri Orpo and the Ukrainian side, announced First Deputy Prime Minister and Minister of Energy of Ukraine Denys Shmyhal.
“Together with the Finnish-Ukrainian Investment Facility (FUIF) and JSC Ukrnafta, we are implementing a phased program to deploy distributed gas piston power generation,” he wrote on Telegram.
According to Shmyhal, as part of the first phase, an EUR 80 million loan from the EBRD has already been secured, a loan agreement has been signed, a state guarantee has been confirmed, and procurement is underway in accordance with EBRD procedures.
For the subsequent phases, Ukraine plans to use FUIF funding to scale up the program, specifically by installing gas piston power plants based on Wärtsilä equipment.
The First Deputy Prime Minister added that all relevant projects are aimed at promptly strengthening the energy security of the regions, balancing Ukraine’s integrated power grid, and securing critical infrastructure.
On May 4, PJSC Ukrnafta announced a tender for liability insurance for members of the supervisory board and executive body, as reported in the Prozorro system. The estimated cost of the services is UAH 6.880 million.
Documents will be accepted until May 15, 2026.
As previously reported, the winner of a similar tender in October of last year was IC “Universalna.”
JSC “Ukrnafta” is Ukraine’s largest oil producer and operates the country’s largest national network of gas stations—UKRNAFTA. In 2024, the company entered into an asset management agreement with Glusco. In 2025, it finalized a deal with Shell Overseas Investments BV to purchase 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 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 Naftogaz of Ukraine, holding a 50%+1 share stake.
In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state the share of corporate rights in the company that belonged to private owners, which is now managed by the Ministry of Defense.
“Ukrnafta” paid 8.86 billion UAH in taxes, fees, and customs duties to the state budget in the first quarter of 2026.
“In total, since the company came under state management, the amount of taxes, fees, and customs duties paid for 2023–2026 has exceeded UAH 106 billion,” noted Bohdan Kukura, Chairman of the Board of JSC Ukrnafta. “This is the company’s systematic contribution to supporting the economy and financing the state’s needs, particularly those of the Armed Forces. I thank the team for their consistent work and results.”
As of the end of 2025, Ukrnafta, as part of the Naftogaz Group, paid 28.8 billion UAH in taxes and fees to the state budget.
JSC “Ukrnafta” is Ukraine’s largest oil producer and operates the country’s largest national network of gas stations—UKRNAFTA. In 2024, the company entered into an asset management agreement with Glusco. In 2025, it finalized a deal with Shell Overseas Investments BV to purchase 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 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 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 share of corporate rights in the company that belonged to private owners, which is now managed by the Ministry of Defense.
Ukrnafta is using the results of 3D seismic surveying to improve the accuracy of geological decisions and drilling efficiency.
“The total survey area over the past two years amounts to 1,211 km²: 582 km² in 2024 (including Ukraine’s first wireless seismic survey) and 629 km² in 2025. The work was carried out at nine fields and two blocks,” noted Bohdan Kukura, Chairman of the Board of JSC “Ukrnafta.” “The data obtained has already been integrated into geological models and drilling programs. I thank the team for their systematic work and the high-quality implementation of modern technologies in geological exploration.”
Based on the results of the completed stages of processing and interpreting data from 3D seismic surveys at three fields and one prospect area:
• geological models have been refined, and new promising areas and blocks for drilling new wells have been identified;
• based on the updated geological-hydrodynamic model, the locations of new planned wells at one of the fields were adjusted;
• one of the planned wells has already been drilled and put into operation with a high flow rate; three more wells are planned to be drilled here by the end of 2026, and two more in 2027;
• At another field, the drilling of an exploratory well has been planned.
This approach allows decisions to be made based on more accurate data, reduces geological risks, and increases the efficiency of investments in production.
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 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 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 share of corporate rights in the company that belonged to private owners, which is now managed by the Ministry of Defense.
JSC “Ukrnafta” has implemented a corporate system for maintenance and repair (M&R) management and has begun putting it into practical use, according to a press release issued by the company on Tuesday.
“The goal is to create a unified electronic system for managing production assets: from equipment inventory to the analysis of maintenance and repair costs,” the press release stated.
The company explained that this essentially involves creating a “digital twin,” which allows for more accurate work planning, cost forecasting, and more efficient use of resources.
Since February 2026, the system has been in pilot operation at Ukrnafta’s regional divisions.
The project is being implemented based on the EAM (Enterprise Asset Management) approach. It encompasses 16 modules and 39 end-to-end business processes at Levels 1 and 2, ensuring management of the full lifecycle of production assets.
According to Ukrnafta, one of the project’s key priorities is the creation of a unified equipment database. Approximately 47,000 fixed assets have already been identified, of which 39,000 (over 80%) have been uploaded to the system. Approximately 8,000 repair objects have been created, over 150 types of equipment (more than 4,800 models) have been standardized, and more than 7,000 units of technical documentation have been uploaded.
A digital passport is created for each object, containing a complete history of repairs, defects, downtime, and relocations.
In addition, a maintenance and repair (M&R) standards database has been created: over 10,000 process charts contain per-operation labor costs, standards, a list of tools, and qualification requirements. All resources are integrated with the ERP system, enabling the automation of procurement requests and order generation.
The request management process (BPMN 2.0) has also been standardized—from defect recording to analysis of completed work and transfer of costs to the ERP. Approximately 500 typical defects have already been defined for the analysis of technical failures.
The system is integrated with the ERP, ensuring transparent financial accounting of repairs and cost control at every stage.
“We are systematically transitioning to a digital model of production asset management. This is not a standalone IT project, but a shift in the approach to production management. The system enables control at all stages—from equipment condition and work planning to costs and performance results,” said Ukrnafta CEO Bohdan Kukura, as quoted by the press service.
According to him, this results in increased process transparency, execution discipline, and the quality of management decisions.
In turn, as explained by Oleg Deberyna, head of the maintenance and repair system implementation department, Ukrnafta is effectively creating a unified digital asset management system that enables real-time monitoring of equipment status, work planning, and control over resources and costs.
“It is important that the system covers the entire cycle—from defect recording to failure root cause analysis and management decision-making. This significantly improves the efficiency and manageability of production processes,” he added.
As the company summarized, the implementation of the M&R system represents a shift in the approach to asset management: unified rules for working with equipment, standardization of processes, enhanced data management, and improved production reliability and safety.
The next stage is scaling the system to all of the company’s structural units, including internal services. Implementation will proceed in phases until mid-2027.
JSC “Ukrnafta” is Ukraine’s largest oil production company, carrying out a full cycle of activities in the field of production: exploration, oil and gas production, provision of oilfield services, as well as management of the largest network of gas stations in Ukraine, UKRNAFTA.
The company has over 1,106 oil wells and 131 gas wells on its balance sheet.
The shareholders of JSC “Ukrnafta” are NJSC “Naftogaz of Ukraine” and the Ministry of Defense of Ukraine. Since 2022, the company has been under state management and is implementing a large-scale business transformation.
UKRNAFTA is Ukraine’s largest network of gas stations, comprising nearly 700 stations and ranking among the top three in terms of fuel sales volume. The UKRNAFTA brand consolidates networks that previously operated under the Glusco, Shell, and U.Go brands.
