Ukraine’s Cabinet of Ministers has approved of the project on modernization and overhaul of the section 3,364.5-3,391.2 km of the Urengoy-Pomary-Uzhgorod gas pipeline. The corresponding decision is outlined in the Cabinet resolution No. 523-r dated July 22. The total cost of repairs of the section 26.7 km long was approved at 1.21 billion UAH, in…
Transit of natural gas via Ukrainian gas transport system fell to 136 million cubic meters on July 26, and this is 30% less than average daily transit on July 1 through July 22 (around 190 million cubic meters a day), according to Ukrtransgaz’s data. Transit started falling on July 23 when it was 172 million…
Public joint-stock company Kyivenergo (Kyiv) saw a 38% rise in net loss in January-June YoY, climbing to 752.21 million UAH. According to a company report, its net revenue in H1 2016 grew by 20.1% YoY, to 10.87 billion UAH, and gross loss totaled 165.86 million UAH compared to 295.08 million UAH of gross profit in…
Board Chairman of Ukrzaliznytsia Wojciech Balczun has said that international operations of the company should be stepped up. He seeks to create the UZ Cargo International brand within six months, Balczun wrote on his Facebook page, commenting on the board’s action plan presented to the Infrastructure Ministry by him on July 25. “The main goal…
Public joint-stock company Ukrnafta, Ukraine’s largest oil producer, saw 10.09 million UAH of net loss in January-June compared to 3.91 billion UAH of net profit a year ago. The company said in a report that its net revenue in H1 2016 decreased by 42.8% YoY, or by 6.648 billion UAH, to 8.89 billion UAH, and…
A winner of the competition was selected to become investor for the implementation of the Agreement on the distribution of hydrocarbons extracted from the Yuzovsky field, the press service of the state-owned enterprise Nadra Ukrainy has reported, which is a stakeholder of Nadra Yuzovsky PLC, founded to implement the project of finding and mining under…
As of July 26, agrarians harvested 24.78 million tons of early grains and pulses throughout the areas of 6.71 million ha, or 69% of the plan (9.6 million ha, according to estimations). The average yield totaled 3.69 t/ha. At the same time, on the same date in 2015 agrarians harvested 23.65 million tons of grains…