What Ukrnafta does

Ukrnafta (JSC Ukrnafta / АТ «Укрнафта») is Ukraine's largest oil-producing company and the operator of the country's largest mono-brand retail fuel network, with 662 AZK UKRNAFTA stations spanning nearly all regions. The company is publicly listed on the Ukrainian Exchange (UX:UNAF / PFTS:UNAF), headquartered in Kyiv, and majority state-owned, with NAK Naftogaz Ukraine holding 50%+1 share and Ukraine's Ministry of Defense managing the stake transferred from former private owners following a 2022 wartime decision. Ukrnafta employs more than 22,000 people across production, service, R&D, and retail operations.

The business is vertically integrated across the hydrocarbon value chain. Upstream operations span 86 special extraction permits and 4 geological exploration permits covering 8,540 km² across Sumy, Poltava, Chernihiv, Lviv, Ivano-Frankivsk, Chernivtsi, Dnipropetrovsk, and Kharkiv oblasts, with 1,807 oil wells, 164 gas wells, three gas processing plants, and a drilling subsidiary (Ukrnafta Drilling) that has drilled over 1,500 wells. Midstream, the company owns 3,000+ km of gas transportation pipelines used internally and offered to other gas-producing enterprises. Oilfield services — cementing, hydraulic fracturing (using Baker Hughes' MFrac Suite 12), coiled tubing, well servicing, and equipment manufacturing/repair — are sold to over 60 external customers. Downstream, Ukrnafta sells gasoline, diesel, and the Energy premium line through its 662-station retail network and the Fuel Wallet loyalty programme, and supplies diesel as Ukraine's top-1 importer.

The revenue model combines upstream production, downstream retail fuel margins, transaction-based fuel imports, usage-based gas transportation fees, professional oilfield services, and licensed electricity supply. The company is implementing OECD-aligned corporate governance and holds ISO 9001, 14001, 45001, 29001, and 22000 certifications, with KPMG providing an unqualified 2025 audit opinion. Strategic priorities in 2026 include a planned 20% increase in fuel sales throughput, a new 250 MW power plant in Dnipropetrovsk Oblast, distributed generation supported by a €44.6M EBRD grant and a Wärtsilä partnership for gas piston installations, and convenience retail diversification through a ready-meal line launched with MHP and chef Yevhen Klopotenko.

Name

Ukrnafta

Legal name

Акціонерне товариство «Укрнафта» (JSC Ukrnafta)

Website

https://ukrnafta.com

Company type

Public

Founded year

1995

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Ukrnafta is Ukraine's largest oil producer and the operator of the country's 662-station UKRNAFTA mono-brand fuel retail network. Majority state-owned by Naftogaz Ukraine, it runs integrated upstream, midstream gas transportation, oilfield services, and retail fuel operations, serving consumers, fleets, and other gas producers.

Ownership category

akta.pro rank

Product category

Oil and Gas Production

NAICS

Oil and Gas Extraction (211), Crude Petroleum Extraction (21112), Natural Gas Extraction (211130), Pipeline Transportation of Crude Oil (4861), Pipeline Transportation of Refined Petroleum Products (486910)

SIC

Crude Petroleum & Natural Gas (1311), Oil & Gas Field Services, Nec (1389), Pipe Lines (No Natural Gas) (4610)

akta.pro primary industry

Field Development & EOR/IOR for Gas (Compression, Refracturing, Reservoir Management) (EUAAAAAM)

akta.pro secondary industries

Pressure Pumping & Stimulation (Hydraulic Fracturing, Acidizing) (EUALABAF), Crude Oil Pipeline Transportation (EUALADAA), Crude Oil Field Gathering Systems (TLAGAJAA), Crude Oil Pump Stations & Mainline Facilities Operations (TLAGAAAH)

Keywords

• Oil and gas production
• Hydrocarbon extraction
• Retail fuel stations
• Oilfield services
• Gas transportation

Headquarters

HQ city

Kyiv

HQ country

Ukraine

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Oil and Gas Production: Ukrnafta is Ukraine's largest oil producer with operations across 86 special permits for hydrocarbon extraction and 4 geological exploration permits covering 8,540 km². Production occurs in Sumy, Poltava, Chernihiv, Lviv, Ivano-Frankivsk, Chernivtsi, Dnipropetrovsk, and Kharkiv oblasts.
2. Retail Fuel Sales: Mono-brand retail fuel station network of 662 AZK UKRNAFTA stations across nearly all regions of Ukraine, offering gasoline, diesel, and premium fuels including Energy product line.
3. Gas Transportation Services: Owns and operates over 3,000 km of gas transportation networks used in production activities. Provides gas transportation services to other gas-producing enterprises and suppliers through own internal pipelines.
4. Oilfield Services: Full spectrum of oilfield services including cementing, hydraulic fracturing, coiled tubing, well servicing, manufacturing and repair of oilfield equipment. Services provided to both internal Ukrnafta units and over 60 external customers.
5. Electricity Supply: Licensed electricity supplier providing electricity to consumers in Ukraine, operating under market-based pricing frameworks.
6. Fuel Import and Trading: Top-1 diesel importer in Ukraine. Imports fuel from Europe, Middle East, and USA to ensure supply diversification and price stabilization.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Ukrnafta is Ukraine's largest oil producer and operator of the country's largest mono-brand fuel station network. It conducts upstream hydrocarbon extraction across 86 special permits covering 8,540 km², processes gas through three gas processing plants, sells fuel and convenience items at 662 AZK UKRNAFTA stations, delivers paid oilfield services (hydraulic fracturing, cementing, coiled tubing, drilling) to external industry clients, transports natural gas through over 3,000 km of pipeline, and supplies licensed electricity to industrial and commercial consumers.

Product overview

Ukrnafta is Ukraine's largest oil producing company operating a vertically integrated business model. The company manages two main business divisions (Ukrnafta-East and Ukrnafta-West) encompassing six oil and gas production management units, three gas processing plants, a drilling subsidiary (Ukrnafta Drilling), an Oilfield Services Management division, and Ukraine's largest mono-brand gas station network of 662 stations. The product portfolio includes upstream oil and gas extraction, gas transmission infrastructure (3,000+ km of pipelines), and downstream retail operations through the UKRNAFTA station network. Supporting services include installation and adjustment, electricity supply, and the Fuel Wallet loyalty programme. The company also provides electronic document management services for B2B partners.

Differentiator

Problem solved

Functional benefit

Brands

• UKRNAFTA: Mono-brand network of petrol stations operating under the UKRNAFTA brand, with 662 gas stations across Ukraine.
• Energy
• Fuel Wallet (Паливний гаманець)

Products and services

• AZK UKRNAFTA Gas Station Network Ukraine's largest mono-brand network of 662 petrol complexes offering gasoline, diesel, premium Energy fuel, convenience store items, and café services to retail vehicle owners across nearly all Ukrainian regions.
• Oil and Gas Production Upstream hydrocarbon extraction operations conducted through six oil and gas production management units and three gas processing plants, operating 1,807 oil wells and 164 gas wells across Sumy, Poltava, Chernihiv, Lviv, Ivano-Frankivsk, Chernivtsi, Dnipropetrovsk, and Kharkiv oblasts.
• Oilfield Services Full-spectrum oilfield services including cementing, hydraulic fracturing (using MFrac Suite 12 and Fly Ash Frac technology), coiled tubing, well servicing, and manufacturing and repair of oilfield equipment, sold to oil and gas industry enterprises.
• Ukrnafta Drilling (Drilling Subsidiary) Subsidiary/structural unit of Ukrnafta providing exploratory and production drilling services, executing directional and horizontal drilling programs for oil and gas wells.
• Gas Transmission Services Midstream transportation and processing of natural gas through over 3,000 km of owned pipelines, providing gas transportation services to other gas-producing enterprises and suppliers in addition to internal Ukrnafta operations.
• Electricity Supply Licensed electricity supply to consumers in Ukraine under market-based pricing frameworks, distributed through the company's own substations and power lines.
• Fuel Wallet Loyalty Programme Mobile-based loyalty programme (Паливний гаманець) offering up to 2.5 UAH/l discount on gasoline and diesel, 0.5 UAH/l discount on gas, fixed-price fuel locking, and cashback for retail fuel customers.
• Energy Premium Fuel Premium fuel brand including A-95 Energy gasoline and ДП Energy diesel sold at UKRNAFTA stations, frequently priced equivalent to regular fuel during promotional campaigns to encourage upgrades.
• Installation and Adjustment Services Installation, adjustment, and maintenance services for automated process control systems, metering equipment, fire protection systems, security systems, and HVAC at oil and gas production facilities.

Quantifiable outcome

• 18-21% revenue growth potential through 20% fuel sales increase
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature6 records

Partnerships

Six partnerships are on record, tiered core, minor and strategic.

• OTP BankcoreStrategic or Co-development Partner · 18 June 2026Ukrnafta and OTP Bank announced strategic partnership for supporting oil product imports and implementation of strategic projects. The partnership aims to support Ukraine's energy security through financing mechanisms for fuel supply.
• WärtsiläcoreTechnology or Integration · 7 May 2026Ukrnafta and Wärtsilä signed an agreement for supply of gas piston installations with support from Ukraine's Ministry of Energy and Naftogaz Group. Partnership for distributed energy generation development to improve energy security.
• Ukrnafta and Ukrgazvydobuvannya Joint ProjectcoreStrategic or Co-development Partner · 15 April 2026Ukrnafta and Ukrgazvydobuvannya jointly completed drilling a gas well at one of Ukrnafta's fields. This was their first joint drilling project, combining capabilities of two state-owned energy companies.
• MHP (Myronivsky Hliboproduct) and Evgen KlopotenkominorGTM or Marketing Partner · 9 April 2026Launch of exclusive line of portioned ready meals under the 'Move Ukrainian' project at UKRNAFTA gas stations. Partnership for food service diversification and Ukrainian cuisine promotion.
• Baker Hughes a GE CompanystrategicTechnology or IntegrationUkrnafta's Oilfield Services uses Baker Hughes's specialized MFrac Suite 12 software for optimal hydraulic fracturing design and scientific support during fracturing operations.
• ORLENminorStrategic or Co-development PartnerUkrnafta delegation visited ORLEN headquarters in Warsaw to study best practices in sustainable development and decarbonization. Exchange of experience in environmental management and emissions reduction.

Scale indicators12 records

Recent moves6 records

Expansion highlights7 records

Market position

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xtwitter.com/Ukrnafta_com
• Facebookfacebook.com/Ukrnafta

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds3 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ukrnafta