Ukrnafta to raise UAH 4 bln from Ukrgasbank for drilling and generation
PJSC Ukrnafta will raise UAH 4 billion in loan funds from Ukrgasbank for drilling new wells, as well as for the construction and commissioning of gas piston units, the company's press service reported on Friday.
"The funds raised are planned to finance drilling and production intensification programs, and the construction of modern gas piston stations," said Ukrnafta Director Serhiy Koretsky.
As reported, Ukrnafta announced 16 tenders for the purchase of gas piston power plants with a total capacity of 63.59-76.4 MW. These are units with a capacity of 1-1.3 MW (two sets), 1.6-2.1 MW (one), 1.95-2.5 MW (two), 2.4-3.1 MW (three), 2.94-3.7 MW (one), 3.9-4.5 MW (three), 4.4-5.2 MW (one), 5.85-6.8 MW (one), 12-14.1 MW (two). The start of the auctions has been extended by two weeks - September 9-10, 2024.
In 2023, Ukrnafta increased oil and condensate production by 3% (by 39,900 tonnes) compared to 2022 - to 1.4 million tonnes. Production of natural and associated petroleum gas last year amounted to 1.097 billion cubic meters, which is 5.8% (60.4 million cubic meters) more than in 2022.
Ukrnafta is the largest oil producing company in Ukraine, it is the operator of the national network of gas stations. In March 2024, the company took over the management of Glusco assets and operates a total of 545 gas stations - 460 of its own and 85 under management.
The company is implementing a comprehensive program to resume operations and update the format of its filling stations. Since February 2023, Ukrnafta has been issuing its own fuel vouchers and NAFTACard, sold to legal and physical entities through Ukrnafta-Postach LLC.
The largest shareholder of Ukrnafta is NJSC Naftogaz Ukrainy, holding a 50% plus one share. In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer the corporate rights shares owned by private stakeholders to the state, currently managed by the Ministry of Defense.
