Ukrnafta sold oil for UAH 2.1B at auction

PJSC Ukrnafta sold 118.7 thousand tonnes of oil for UAH 2.147 billion at an auction on October 20, 2021, Ukrinform reports, referring to the company’s press service.

It is noted that the auction took place at the Ukrainian Energy Exchange. Ukrnafta sold 118,740.9 tonnes of oil for UAH 2,146,976,773.67 and 1,199.7 tonnes of gas condensate for UAH 22,830,111.04.

The weighted average price of oil was UAH 18.1 thousand (including VAT) per tonne, the weighted average price of gas condensate was UAH 19.03 thousand (including VAT).

As reported, in January-June 2021, PJSC Ukrnafta generated UAH 1.585 billion in net profit, compared with a loss of UAH 2.596 billion for the same period in 2020.

In the first half of 2021, PJSC Ukrnafta produced 739.3 thousand tonnes of oil and condensate and 542.1 million cubic meters of gas, which is up 3.3% and 7.9% than planned, respectively. The company paid UAH 6.1 billion in taxes over the first six months.

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