Ukrainian authorities intend to transfer more than 100 Tatneft filling stations to Ukrnafta

MOSCOW. July 31 (Interfax) - The Ukrainian authorities plan to transfer more than 100 filling stations owned by Tatneft and located in the Kharkov and Poltava regions to the management of Ukrnafta, Ukrainian media said, citing the Asset Recovery and Management Agency (ARMA).

ARMA said on its website that the transfer of the filling stations should take place according to a special procedure based on a government order, the daft of which was considered at a meeting with representatives of the Economy Ministry, Finance Ministry, Antimonopoly Committee and other agencies.

ARMA chief Elena Duma was quoted as saying the state was keen to transfer the assets quickly.

The Ukrainian Prosecutor General's Office said in July 2022 that at its request, the corporate rights of 19 Ukrainian enterprises controlled by Russian companies Rostec, Gazprom , Rusal , Rosatom, HMS Group , Tatneft and others worth more than UAH 7.75 billion or $211.9 million at the current rate were transferred to ARMA.

The Tatneft assets included 115 real estate properties such as tank farms, filling stations, nonresidential buildings, land parcels, and 118 gasoline tank trucks and other automobiles. The value of the seized property and corporate rights was estimated at more than $82 million.

Ukrnafta, which is under the state's control, had 89 fields with 3,700 oil and gas wells and operated 451 stations as of the end of March 2023. Oil and gas condensate output fell 8.6% to 1.37 million tonnes in 2022. The company plans to increase oil production 5.8% to 1.45 million tonnes and gas 0.3% to 1.04 billion cubic meters in 2023.