Naftogaz
Naftogaz of Ukraine (Ukrainian: НАК "Нафтогаз України", Naftogaz Ukrainy; literally "Petro-Gas of Ukraine") is the largest national oil and gas company of Ukraine. It is a state-owned company subordinated to the Government of Ukraine. The vertical-integrated company carries out a complete cycle of exploration operations and development of deposits, operating and exploratory drilling, extraction, transportation, and refinement of natural gas and crude oil, supply of natural and liquefied gas to consumers.
Official logo | |
Naftogaz Headquarters, Kyiv | |
Native name | Нафтогаз України |
|---|---|
| Company type | National joint-stock company |
| Industry | Oil and gas |
| Founded | 1991 (Founded, as Ukrgasprom) 1998 (Current form) |
| Founder | Ministry of Energy |
| Headquarters | , |
Key people | Oleksiy Chernyshov, Head of the Board |
| Products | Natural gas, crude oil, condensate, petrol |
| Services | Pipeline transportation, oil production, gas production, municipal heating |
| Revenue | €8.163 billion (2018) |
| €368.41 million (2018) | |
| Total assets | €19.228 billion (2018) |
| Total equity | €13.181 billion (2018) |
| Owner | Government of Ukraine |
Number of employees | 68,386 (2018) |
| Parent | Ministry of Energy and Coal Mining |
| Divisions | Mining and refinery, transportation, distribution |
| Subsidiaries | UkrGasVydobuvannya, Zakordonnaftogaz, Ukrnafta, Petrosannan Company, Carpatygaz, Chornomornaftogaz, Ukrtransgaz, Ukrtransnafta, Ukrspetstransgaz, Gaz of Ukraine, Naftogaz Trading Europe, Kirovohradgaz, Ukravtogaz, Vuhlesyntezgaz Ukraiiny, Naftogaz-Energoservice |
| Website | naftogaz.com, naftogaz-europe |
Ukraine's system of trunk natural gas pipelines and underground natural gas depots is operated by Ukrtransgaz, a subsidiary of Naftogaz. As of 2009, the company had 38,200 km of high pressure gas transit pipelines and more than 30 billion cubic meters of gas storage capacity. This major gas infrastructure located between Russia and the European Union has led the company to feature prominently in regional politics. Another subsidiary of Naftogaz, Gas of Ukraine, is responsible for domestic gas distribution to the local district heating companies.
Naftogaz is a major Ukrainian employer with 68,386 employees (as of 2018). The former PwC management consultant Andriy Kobolyev took over as CEO after the 2014 Ukrainian revolution tasked with reducing the country's dependence on Russian gas and reforming the company's business practices.
The group is the largest taxpayer in Ukraine. In 2018, revenues of the group consisted of ₴137 billion of taxes and dividends, which is about 15% of total revenues of the state budget.