20 Jul 2023 14:27

Ukrnafta increases number of operating filling stations to 456

MOSCOW. July 20 (Interfax) - PJSC Ukrnafta has resumed operations of two filling stations, thus bringing the number of its operating stations nationwide to 456, Ukrainian media reported with reference to the company's press service.

The filling station in Izyum in the Kharkov region resumed its operations after repairs of damaged equipment and the building, it said.

The company also reopened its gas station in the village of Kordelevka on the Zhitomir-Vinnitsa motor road, which has been idle since 2014.

As reported, Ukrnafta operates 537 filling stations, including 28 modernized ones. Its sales in 2023 are expected to reach 350,000 tonnes, or about 7% of the market. In 2022, its wholesale and retail sales of oil products amounted to 1.665 million tonnes.

The company's five-year strategic plan envisions doubling wholesale in fuel to 3 million tonnes and quadrupling retail through filling stations it owns to 1.5 million tonnes.

As of the end of March 2023, Ukrnafta owned 89 oilfields containing 23 million tonnes of proven reserves and 1,806 active oil wells and 152 gas wells.

Ukrnafta plans to increase oil production by 0.077 million tonnes (by 5.8%) to 1.447 million tonnes and gas production by 0.003 million cubic meters (by 0.3%) to 1.04 billion cubic meters in 2023 compared to 2022.