The second year without Kolomoisky: “Ukrnafta increases gas and oil production

23 January 15:43

Ukraine’s largest oil company, PJSC Ukrnafta, increased gas production by 6.5% to 1.170 billion cubic meters compared to 1.097 billion cubic meters. This is reported by Komersant ukrainskyi with reference to the press service of Ukrnafta.

Oil production increased by 0.6% to 1.418 million tons compared to 1.410 million tons.

In oil equivalent, production growth in 2024 amounted to 3%. In total, this is an additional 70.5 thousand tons of hydrocarbons – 2.42 million tons in 2024 compared to 2.35 million tons in 2023.

“Despite prolonged power outages that limited mechanized oil production, the company managed not only to compensate for the natural decline but also to ensure an increase in oil and gas volumes. I am grateful to the company’s team for doing the impossible. I am grateful for such results for the second year in a row,” said Sergiy Koretsky, CEO of Ukrnafta.

According to Koretskyi, in 2025 Ukrnafta will continue to drill new wells, upgrade equipment, replacing Soviet equipment with modern and technological equipment from world leaders, and intensify production.

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For reference

“Ukrnafta is Ukraine’s largest oil producer and operator of the national network of filling stations.

“Ukrnafta holds 92 special permits for commercial development of fields. It has 1832 oil and 154 gas production wells on its balance sheet.

Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50% stake in 1 share.

It should be noted that Ukrnafta and Ukrtatnafta were previously owned by Ihor Kolomoisky and Gennadiy Boholyubov.

In November 2022, Ukrnafta came under the control of the Ministry of Defense along with four other strategic enterprises of Ukraine: Ukrtatnafta, AvtoKrAZ, Motor Sich, and Zaporizhtransformator.

Ihor Kolomoisky believes that Ukrnafta was taken away from him illegally and filed a criminal complaint with the NABU.

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Остафійчук Ярослав
Editor