Ukraine’s state-owned Naftogaz Group produced 13.9 billion cubic meters (490.87 billion cubic ft) of pure fuel final 12 months, up from 13.2 Bcm (466.15 Bcf) in 2023.
“Naftogaz Group not solely maintains stability but additionally continues to show development in fuel manufacturing”, Naftogaz appearing chair Roman Chumak stated in a web-based assertion. “Every day, our group demonstrates resilience and flexibility, driving progress even below the hardest situations”.
Naftogaz, by subsidiary JSC Ukrgasvydobuvannya, commissioned 83 wells — 60 for manufacturing and 23 for exploration — final 12 months, Naftogas stated.
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“In 2024, the corporate expanded directional drilling, which facilitated fuel manufacturing in hard-to-reach areas”, Naftigaz stated. The variety of directional wells drilled rose to 60 in 2024 from 51 in 2023.
“Furthermore, the corporate drilled over 370,000 meters [1.21 million feet] through the 12 months, a 14 % improve from 2023 and the very best determine in recent times”, it added.
Earlier Naftogaz assured Ukraine it’s dedicated to delivering provide regardless of Russian assaults on the nation’s power infrastructure.
“For the third consecutive 12 months, the heating season unfolds amid Russia’s full-scale invasion and widespread assaults on power infrastructure”, it stated in a press release January 14, 2025.
“Regardless of these challenges, Naftogaz Group enterprises stay totally operational. The Group ensures uninterrupted fuel manufacturing, storage, and provide to all shopper classes.
“A group of Naftogaz Group specialists works constantly to take care of vital and social infrastructure, restore networks and gear to revive fuel provide after assaults, ship fuel to frontline communities, and enhance fuel manufacturing”.
Naftogaz stated it receives vital plant gear from worldwide companions, together with the United Nations Improvement Program and america Company for Worldwide Improvement.
The assertion added, “Naftogaz Group continues to play an important position in Ukraine’s economic system, remaining one of many nation’s largest taxpayers”.
In a separate report, Naftogaz stated it had paid UAH 88.6 billion ($2.2 billion) in taxes in 2024. That consisted of UAH 81.8 billion ($1.95 billion) for the nationwide finances and UAH 6.8 billion ($161.8 million) for native budgets.
Moreover, it remitted UAH 15.7 billion ($373.57 million) in dividends to the state, Naftogaz stated January 10, 2025.
Its newest earnings report confirmed the corporate generated UAH 24.4 billion ($580.58 million) in web consolidated revenue for the primary half of 2024, up almost 4 occasions in comparison with the identical interval the prior 12 months.
Naftogaz’s consolidated working revenue for January–June 2024 landed at UAH 28.9 billion ($687.66 million), greater than double the UAH 14 billion ($333.12 million) recorded for a similar interval 2023.
“Naftogaz Group’s important enhancements in monetary outcomes have been pushed primarily by elevated revenues from the sale of fuel, oil, petroleum merchandise, and pure fuel distribution companies”, it stated September 26, 2024.
Naftogaz ended the interval with UAH 227.86 billion ($5.42 billion) in present property together with UAH 86.17 billion ($2.05 billion) in money and financial institution balances. Its present liabilities stood at UAH 144.83 billion ($3.45 billion) together with UAH 50.15 billion ($1.19 billion) in borrowings.
To contact the creator, e mail jov.onsat@rigzone.com
