UkrTransGaz
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Native name
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Нафтогаз України |
|---|---|
| Industry | Oil and gas |
| Founded | 1991 as Ukrgasprom; reorganized in 1998 under current brand |
| Founder | Ministry of Energy |
| Headquarters | Kyiv, Ukraine |
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Key people
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Andriy Kobolyev (CEO) |
| Products |
natural gas crude oil condensate petrol |
| Services | Pipeline transportation, oil production, gas production, municipal heating |
| Owner | Government of Ukraine |
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Number of employees
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175000 (2014) |
| Parent | Ministry of Fuel and Energy |
| Divisions | Mining and refinery, transportation, distribution |
| Subsidiaries | UkrGasVydobuvannya, Ukrtransgaz, Ukrtransnafta, Ukrspetstransgaz |
| Website |
www |
Naftogaz of Ukraine (Ukrainian: НАК "Нафтогаз України", literally "Oil and Gas of Ukraine") is the national oil and gas company of Ukraine. It is a state-owned company subordinated to the Government of Ukraine. The company is involved with extraction, transportation, and refinement of natural gas and crude oil.
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 175,000 workers. It received more than $6 billion of subsidies in domestic bonds from 2009 to 2012 as regulated gas prices and expensive Russian energy imports led to heavy losses. Former PricewaterhouseCoopers 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 company was founded in 1998 after previously being named Ukrgazprom. The main initiators who created the company were Ihor Didenko and Ihor Bakai (better known as Igor Bakai). The last one was the first deputy chairman of the Ukrainian State Committee on Oil and Gas. Before Naftogaz, both Bakai and Didenko worked for other gas trading companies "Republic Corporation" and "Intergas".
At the end of 1990s Ukraine was consuming a record of 75 billion m3 per year which was the fourth indicator in the world and seemed strange to say the least considering that the country was not part of the top 20 in GDP volume. Eighteen billion m3 were mined inside Ukraine by Naftogas along with some joint enterprises such as "Poltavska Naftogasova Kompania", Plast, Ukrnaftogastekhnologia and others. All the gas that was mined by Naftogas and received through transit in obligatory order was being sold to population and state organizations. The remaining volume of natural gas, Ukraine was receiving from Russia as part of payment for transit or was buying from Turkmenistan. That gas was sold to industrial enterprises or was being re-exported.
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Wikipedia