Ukraine’s Ukrnafta oil company eliminates illegal pipeline tap

The security service of PJSC Ukrnafta discovered an illegal pipeline tap in Poltava region, according to the company's press release.

An inspection revealed that a ball valve and a metal pipe segment had been illegally welded into the inhibitor line of a gas well's pipeline. However, there was no evidence of active extraction, as the well has been under maintenance and non-operational for about a month.

"The illegal tap has been eliminated. Efforts are currently underway to assess the damage and identify those responsible. Ukrnafta continues to protect its infrastructure and resources while cooperating with law enforcement to prevent similar incidents," the company said in the press release.

Ukrnafta is Ukraine's largest oil extraction company and operates a national network of filling stations. In March 2024, the company took over the management of Glusco assets, and now operates 547 filling stations – 462 of its own and 85 under management.

The company is implementing a comprehensive program to renew operations and modernize the format of its filling stations. Since February 2023, Ukrnafta has been offering its own fuel vouchers and NAFTA Cards, which are sold to both legal entities and individuals through Ukrnafta-Postach LLC.

Ukrnafta holds 92 licenses for industrial development of deposits. It has 1,832 oil and 154 gas production wells on its balance.

The largest shareholder in Ukrnafta is Naftogaz Ukrainy, which holds a 50% plus one share. In November 2022, the General Staff of the Armed Forces of Ukraine decided to transfer the corporate rights of the company, previously owned by private shareholders, to the state. The Ministry of Defense now oversees these shares.