The Cabinet of Ministers of Ukraine has recommended studying the issue of transferring the corporate rights of LLC "Kremenchug TPP" to the management of PJSC "Ukrnafta" until October 26, during the period of martial law.
This recommendation from the National Commission on Securities and Stock Market (NCSM) is formalized in order No. 1033-r dated October 22, 2024, the text of which has been published on the government portal.
100% of the shares of the TPP are owned by the Ministry of Defense of Ukraine.
"Ukrnafta" is the largest oil extraction company in Ukraine and operates the national network of gas stations. In March 2024, the company took over the management of Glusco's assets and currently operates a total of 545 gas stations – 460 of its own and 85 under management.
The company is implementing a comprehensive program to resume operations and update the format of its gas station network. Since February 2023, "Ukrnafta" has been issuing its own fuel vouchers and "NAFTAКарта" cards, sold to legal entities and individuals through LLC "Ukrnafta-Postach".
The largest shareholder of "Ukrnafta" is NAK "Naftogaz of Ukraine," holding a stake of 50% plus one share. In November 2022, the Supreme Commander of the Armed Forces of Ukraine decided to transfer the state ownership of the corporate rights of the company that belonged to private owners, which is now managed by the Ministry of Defense.