The Cabinet of Ministers has decided to create PJSC Trunk Gas Pipelines of Ukraine within the management of the Energy and Coal Industry Ministry of Ukraine by September 1. The relevant provision is contained in the plan of restructuring Naftogaz Ukrainy, approved by cabinet resolution No. 496 dated July 1. Under the resolution, a proper…
In January-June Belarus exported 2.25 million tons of oil products to Ukraine, up by 64% YoY, a source in the relevant ministry reported. Belarus’ proceeds from exports of petroleum products to Ukraine grew by only 4% YoY, to $823.4 million, due to the global decline in oil prices. Belarusian petroleum products are shipped to Ukraine…
The Deposit Guarantee Fund as part of the pre-sale preparations proposed to investors to appraise a pool of credits issued by Delta Bank being under liquidation secured by vegetable oil handling assets on the territory of Illichivsk port. According to a posting on the fund’s website, claims to 14 credits issued by Delta Bank worth…
Yuzgas B.V. (the Netherlands), which won the tender for an investor in the production sharing agreement (PSA) for hydrocarbons extraction on Yuzivska field (Donetsk and Kharkiv regions), has undertaken an investment of $200 million in geological exploration during the first five-year phase of the PSA. “In particular, during the first year the sum will be…
Wojciech Balczun, Chairman of the Board of PJSC Ukrzaliznytsia, expects to receive a billion-dollar investment into the development of Ukrzaliznytsia in the coming years. He said this at a meeting with representatives of the American Chamber of Commerce. “As for investments into rolling stock and infrastructure, we would like to attract $1 billion in two-three…
Public joint-stock company Ukrzaliznytsia intends to sign a contract to carry out construction works on over 300-km railway tracks with Ministry of Roads and Urban Development of Iran, the company’s press service reported, referring to Board Chairman Wojciech Balczun. “We quickly worked with the agreement of the Infrastructure Ministry of Ukraine and Ministry of Roads…
National Energy Company Ukrenergo saw 292.681 million UAH of net profit in 2015 compared to 1.94 billion UAH of net loss a year ago, according to an audited report posted on the company’s website. Revenue grew by 74.5% in 2015, to 5.5 billion UAH, and pretax profit totaled 395.326 million UAH compared to 2.264 billion…