Ukraine’s largest state-owned oil company Ukrnafta has transferred UAH 21 million ($560,000) to the state budget as a guaranteed payment for the Glusco gas station chain management, previously owned by former Ukrainian pro-Moscow politician Viktor Medvedchuk, the Asset Recovery and Management Agency (ARMA) reported on Feb. 1 in a joint statement with PJSC Ukrnafta. Read […]
Ukraine’s state-owned oil and gas company Ukrnafta extracted 1.41 million tons of oil and 1.09 billion cubic meters of natural gas in 2023, the company reported on Jan. 15. The figures represent a 3% annual increase in oil extraction and a 6% rise in gas production—compared to 1.37 million tons of oil and 1.037 billion […]
Ukrnafta has commissioned a high-yield oil well in eastern Ukraine, boosting its daily oil production by an impressive 51.4 tons. The initial flow rate of the extracted oil is notably water-free, marking a significant achievement for the company. Ukrnafta implemented cutting-edge techniques during the drilling process, including using a specially formulated drilling fluid based on […]