Economy

Ukrnafta oil company pays UAH 22.5 bln in taxes in 9M 2025

PJSC Ukrnafta, the Ukrainian oil company, paid UAH 22.5 billion in taxes and UAH 5 billion in dividends to the state in January–September 2025, the company said Monday, citing acting CEO Yuriy Tkachuk.

"My thanks to the entire 20,000-strong Ukrnafta team – the people who ensure stable production, network development, scientific research, and innovation even under the most difficult conditions," Tkachuk stated.

According to the company, Ukrnafta is currently developing a new strategic direction – "gas to power." Its portfolio includes over 400 MW of distributed generation projects being implemented in partnership with the EBRD and with grant support from the governments of Sweden, Norway, Germany, and the Netherlands.

Ukrnafta is Ukraine’s largest oil extraction company and operates the largest national network of filling stations Ukrnafta. In 2024, the company assumed management of Glusco’s assets. In 2025, it completed a deal with Shell Overseas Investments BV to acquire the Shell network in Ukraine. It operates a total of 662 filling stations.

The company is implementing a comprehensive program to restore operations and update the format of its filling stations. Since February 2023, it has issued its own fuel coupons and cards, NAFTA Cards, sold to legal entities and individuals through Ukrnafta-Postach LLC.

The largest shareholder in Ukrnafta is Naftogaz Ukrainy, which holds a 50% plus one share. In November 2022, the General Staff of the Armed Forces of Ukraine decided to transfer the corporate rights of the company, previously owned by private shareholders, to the state. The Ministry of Defense now oversees these shares.

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