Home
/
News
/

Naftogaz To Invest In Downstream Development

Naftogaz To Invest In Downstream Development

19 August 2008

Naftogaz’s subsidiary Ukrgazvydobuvannya announced yesterday that it will increase refining capacities at the Shebelinka gas processing plant (Shebelinka GPP) by 60% to 1.6 mln mt in 2006. In addition, the company will create a chain of 150 gas stations via the acquisition of existing facilities and building new units to sell oil products made at the Shebelinka GPP. Currently, the company operates a network of gas stations under jobbing agreements and has an 8% market share in the retail oil products market. Ukrgazvydobuvannya will dispose of the jobbing schemes after it creates a network of its own stations. Concorde Capital: The government needs to have more levers to influence the oil product market via market means, which is why it is developing a downstream segment for Naftogaz. This will increase competition in the market in the medium term, but the effect will not be significant for both Ukrnafta (UNAF: HOLD) and Galnaftogaz (GLNG: BUY). 

Latest News

News

23

02/2022

Separatists may claim entire territories of two Ukrainian regions

Russia has recognized “all fundamental documents” of the self-proclaimed Donetsk and Luhansk People’s Republics (DNR...

News

23

02/2022

U.K. to provide USD 500 mln loan guarantee for Ukraine as IMF mission starts

The British government is going to provide up to USD 500 mln in loan guarantees...

News

23

02/2022

MinFin bond auction receipts jump to UAH 3.5 bln

Ukraine’s Finance Ministry raised UAH 3.3 bln and EUR 7.2 mln (the total equivalent of...