10 Nov 2022 12:51

WOG ex-general director Koretsky heads up Ukrnafta and Ukrtatnafta

MOSCOW. Nov 10 (Interfax) - Former general director of the WOG chain of filling stations Sergei Koretsky has been appointed to head PJSC Ukrnafta and PJSC Ukrtatnafta.

Koretsky replaced Pavel Ovcharenko at Ukrtatnafta on November 9, and Oleg Gez as Ukrnafta on November 10, Ukrainian media said, citing Ukraine's unified state register of legal entities and individual entrepreneurs.

Sergei Koretsky first joined Continuum Group of Companies in 1999 as a junior analyst, subsequently progressing up the career ladder to the post of general director of the Continuum management company in 2007. He spent the period between 2013 and late 2018 developing the business of the WOG chain of filling stations as its CEO, after which he started his own projects.

Ukrnafta holds 85 special licenses for the production of hydrocarbons and its balance sheet includes 1,809 oil and 153 gas wells. The company also owns 537 filling stations.

A controlling stake in Ukrnafta belongs to the Naftogaz of Ukraine company, while around 42% of Ukrnafta shares are owned by companies of Igor Kolomoisky and Gennady Bogolyubov.

Ukrtatnafta is the owner of the Kremenchuk Refinery.

Naftogaz of Ukraine holds a 43.05% stake in Ukrtatnafta, while companies of PrivatBank former owners and of businessman Alexander Yaroslavsky control 28% of Ukrtatnafta shares each.