Ukrnafta open to partnerships beyond Orlen, eyes broader investor base – CEO
Ukrnafta could be of interest to a much broader range of investors than Polish oil and gas group Orlen, and is ready to cooperate, company head Bohdan Kukura said.
Ukrnafta is open to partnerships beyond Polish oil and gas group Orlen, according to company head Bohdan Kukura. The Ukrainian oil and gas firm could attract a broader investor base, Kukura emphasized. If Orlen has shown interest in Ukrnafta, it highlights the company's transparency and potential for an external partnership. The specific nature of future cooperation remains to be determined, Kukura stated in an interview with Interfax-Ukraine.
Ukrnafta aims to develop its filling station network and boost hydrocarbon production. The company boasts the largest filling station network in Ukraine, having modernized many complexes, though some still require upgrades. Additionally, Ukrnafta has 93 special permits for upstream production, and is actively working to increase output by around 40% under these permits.
However, additional licenses need significant investment in exploration, prospecting, and development, necessitating an investor. Orlen CEO Ireneusz Fąfara expressed interest in expanding Orlen's presence in Ukraine and acquiring a stake in Ukrnafta, stating that discussions have commenced about potential participation.
Written by urgent.news from Interfax-Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
