Ukraine | Utilities

Neftegas Ukraine

In 2005, NJSC Naftogaz of Ukraine produced one-seventh of the gross domestic product of Ukraine and brought $ 2.25 billion in state budget revenues. The total number of the Company’s employees in 2006 was 170 thousand persons, or about 1% of Ukraine’s employable population.

NJSC Naftogaz of Ukraine is a vertically integrated oil and gas company engaged in a full cycle of operations in gas and oil field exploration and development, production and exploratory drilling, gas and oil transport and storage, supply of natural gas and LPG to consumers. Over 97% of oil and gas in Ukraine is produced by the enterprises of the Company.
Naftogaz of Ukraine processes gas, oil and condensate at the Company’s five gas processing plants, which produce LPG, motor fuels and other types of petroleum products. The Company has its own brand filling station network.

Aside from purely commercial operations, the Company plays an important social role and supplies natural gas to households, budget-funded institutions and utilities at prices set by the state.

The Company’s strategic goals are strengthening its vertical integration, entering the retail petroleum product market and petrochemical industry, solidifying its position as the main operator of Russian gas transit to European countries, and creating a diversified resource base outside Ukraine.

More details about the company and services are on a site:
www.naftogaz.com