Ukrnafta

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Ukrnafta
Type Public
Traded as FWBUKAA
PFTSUNAF
Industry oil and natural gas
Founded 2004
Headquarters Kiev, Ukraine
Key people Ihor Palytsya (Chairman)
Ihor Kolomoyskyi (main shareholder)
Revenue Increase $800 million USD
Employees 3,200
Website http://www.ukrnafta.com/

Ukrnafta is a Ukrainian oil and natural gas extracting company, the largest producer of oil and gas in the country.[1] In 2006 to the company belonged some 91% of oil, 27% of natural-gas condensate and 17% of gas extraction from the total extraction of carbohydrates in the state.

The company produces around 3 million tonnes of oil and 4 billion m3 of natural gas per year, having oil proven reserves of nearly 180 million tonnes. Ukrnafta also ownes three natural gas processing plants.

Background[edit]

The company was established in 1994 through transformation process out of the State Enterprise "Producing Association "Ukrnafta" that existed since 1945. Its initial predecessor was Ukrnaftcombinat. Ukrnafta is a Ukrainian portmanteau word that is a combination of words Ukrainian and Oil.

Just over 50% of the company is owned by the state company Naftogaz Ukrainy, 42% of the company belongs to the Privat Group based in Dnipropetrovsk. Together with Chornomornaftogaz and Ukragazproduction they are the only state companies involved in extraction and refining of gas and oil.

Composition[edit]

In Kiev the company owns two different research centers and its administration of automatic systems. There also is a science-research and project institute in Ivano-Frankivsk Oblast. Near Poltava Ukrnafta has its military assigned unit.

  • six Oil/Gas extraction administrations: Okhtyrka, Chernihiv, Poltava, Dolyna, Nadvirna, Boryslav.
  • Kremenchuk Oil refinery
  • three administration of drilling operations: Pryluky, Okhtyrka, Prykarpattia
  • several other administrations

Supervisory Board[edit]

Evgen Bakulin, Chairman Gennadi Bogolyubov, Valentyn Franchuk, Mykhailo Kiperman, Igor Kolomoisky, Evgen Korniychuk, Uriel Tzvi Laber, Tymur Novikov, Eduard Shvydky, Valeri Vinokurov, Gennadi Yuriev.[2]

Other areas[edit]

The company realizes its oil products through some 391 petrol station of its own. Ukrnafta also owns the football club FC Naftovyk Okhtyrka.

References[edit]

  1. ^ "Our Achievements". ukrnafta.com. Retrieved 2009-09-08. 
  2. ^ "SUPERVISORY BOARD". ukrnafta.com. Retrieved 2014-05-07.