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Ukrnafta

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Ukrnafta
Company typePublic joint-stock association (PAT)
FWBUKAA
PFTSUNAF
IndustryOil and natural gas
Founded2004; 20 years ago (2004)
HeadquartersKyiv, 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.[1]

Background

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 the words for "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 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.

Structure

Ukrnafta Public Joint Stock Company operates as a single production and economic complex.

The Company consists of:

  • six oil and gas production departments: Okhtyrka, Chernihiv, Poltava, Dolyna, Nadvirna, Boryslav.;
  • three drilling departments;
  • one oil refinery;

Gas filling stations

Ukrnafta
IndustryRetail (convenience stores)
HeadquartersKiev, Ukraine
Number of locations
537 (2014)
Revenue36,100,000,000 hryvnia (2018) 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.

Educational centers

The main educational institutions and centers where training was conducted are:

Ivano-Frankivsk National Technical University of Oil and Gas;

Drohobych Petroleum Technical School;

Supervisory board

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

Other areas

The company distributes its oil products through some 531 petrol stations.

References

  1. ^ a b c "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