Ukrnafta

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Ukrnafta
Public joint-stock association (PAT)
Traded asFWBUKAA
PFTSUNAF
IndustryOil and natural gas
Founded2004; 16 years ago (2004)
HeadquartersKiev, Ukraine
Key people
Yuriy Vitrenko (Supervisory Board Chairman)
RevenueIncrease 1.150 billion (2018)[1]
OwnerNaftogaz
Number of employees
22,050 (2018)[1]
Websitewww.ukrnafta.com/en

Ukrnafta is a Ukrainian oil and natural gas extracting company, the largest producer of oil and gas in the country.[2] Ukrnafta is also an operator of a gas filling station network in Ukraine nationwide.[3]

In 2006, the company conducted some 91% of oil, 27% of natural-gas condensate and 17% of gas extraction in the country. As of 2018, the company produced around 1.5 million tonnes of oil and 1.1 billion m3 of natural gas.ref name="consreport2018"/>

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 Dnipro.[4] Together with Chornomornaftogaz and Ukragazproduction they are the only state companies involved in extraction and refining of gas and oil.

After the appointment of Mr. Mark Rollins (ex BP and BG Gas) as CEO in 2015 the company is widely considered as having transformed itself into a leading model of corporate governance in the new economy of Ukraine.

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
IndustryRetail (convenience stores)
HeadquartersKiev, Ukraine
Number of locations
537 (2014)
Websitewww.ukrnafta.com/ Edit this on Wikidata

The company has one of the biggest networks of gas filling stations owning 537 stations on 31 December 2014.[5]

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

Supervisory Board[edit]

This is the schematic composition of the Directive table of the company[6]:

  • Andriy Kobolyev
Chairman of the Supervisory board
  • Sergiy Konovets
  • Yuriy Vitrenko
  • Kostyantyn Pozhydayev
  • Yaroslav Teklyuk
  • Polina Zagnitko
  • Volodymyr Yemtsev
  • Maxsym Yuhymenko
  • Vladislav Lazorenko
  • Maria Pitta
  • Uriel Zvi Laber

Other areas[edit]

The company distributes its oil products through some 531 petrol stations. Ukrnafta also owns the football club FC Naftovyk Okhtyrka.

References[edit]

  1. ^ a b "ANNUAL REPORT 2018" (PDF). naftogaz.com. Retrieved 13 October 2019.
  2. ^ "Our Achievements". ukrnafta.com. Retrieved 2009-09-08.
  3. ^ Filling stations at the Ukrnafta website
  4. ^ Fall in oil price below $33/barrel will be problem for Ukrnafta, Interfax-Ukraine (04.02.2016)
  5. ^ About the company at Ukrnafta website
  6. ^ https://www.ukrnafta.com/en/stryktura-kompanії

External links[edit]