Ukrnafta

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Ukrnafta
Public joint-stock association (PAT)
Traded as FWBUKAA
PFTSUNAF
Industry oil and natural gas
Founded 2004
Headquarters Kiev, Ukraine
Key people
Mark Rollins (Chairman)[1]
Ihor Kolomoyskyi (main shareholder)
Revenue Increase $800 million USD
Number of 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.[2] In 2006, the company conducted some 91% of oil, 27% of natural-gas condensate and 17% of gas extraction in the country.

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

Ukrnafta is also an operator of a gas filling station network in Ukraine nationwide.[3]

Background[edit]

The company was established in 1994 through privatization of the "Ukrnafta producing association" state enterprise 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% plus one share of the company is owned by the state company Naftogaz Ukrainy, 42% of the company belongs to the Privat Group based in Dnipropetrovsk.[1] 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 administration of automatic systems. There also is a scientific research and project institute in Ivano-Frankivsk Oblast. Near Poltava Ukrnafta has its military assigned unit.

  • Oil/Gas extraction administrations (6): Okhtyrka, Chernihiv, Poltava, Dolyna, Nadvirna, Boryslav.
  • Gas Processing Factories (3):
  • administration of drilling operations (3): Pryluky, Okhtyrka, Prykarpattia
  • Oilwell administrations (2): Dolyna, Poltava
  • Kremenchuk Oil refinery
  • Poltava military detachment
  • other departments

Gas filling stations[edit]

Ukrnafta
Industry Retail (convenience stores)
Headquarters Kiev, Ukraine
Number of locations
537 (2014)
Website www.ukrnafta.com

The company has one of the biggest networks of gas filling stations owning 537 stations on 31 December 2014.[4]

There 28 regional administrations to provide more efficient management of the stations.

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.[5]

Other areas[edit]

The company distributes its oil products through some 391 petrol stations. Ukrnafta also owns the football club FC Naftovyk Okhtyrka.

References[edit]

  1. ^ a b Fall in oil price below $33/barrel will be problem for Ukrnafta, Interfax-Ukraine (04.02.2016)
  2. ^ "Our Achievements". ukrnafta.com. Retrieved 2009-09-08. 
  3. ^ Filling stations at the Ukrnafta website
  4. ^ About the company at Ukrnafta website
  5. ^ "SUPERVISORY BOARD". ukrnafta.com. Retrieved 2014-05-07.