Market leader by number of gas stations Ukrnafta aims to become leader by sales volume as well – Supervisory Board Chairman

PJSC Ukrnafta, after acquiring the Shell gas station network, added 118 stations to its approximately 550 filling stations and now operates 663 single-brand stations, making it No. 1 in the market by number of gas stations, said Supervisory Board Chairman Duncan Nightingale.

"The next milestone is to reach first place in sales. We are among the top three now," he said in an interview with the Interfax-Ukraine news agency.

Nightingale emphasized that a key priority for the company is also continuing to supply Ukrainian military forces with high-quality gasoline, diesel fuel, and lubricants.

As reported, in 2025 Ukrnafta increased sales of Euro-5 standard fuel by 50% and boosted sales of non-fuel goods by 118%.

PJSC Ukrnafta is Ukraine’s largest oil producer in Ukraine. The company has 1,807 oil and 164 gas production wells on its balance sheet.

In 2024 the company took management of Glusco assets, and in 2025 it completed the acquisition of Shell’s network in Ukraine. The company is implementing a comprehensive program to restore operations and modernize the format of its service stations. Since February 2023, it has issued its own fuel vouchers and NAFTACard cards, distributed to legal entities and individuals via Ukrnafta-Postach LLC.

The largest shareholder in Ukrnafta is the state-owned NJSC Naftogaz Ukrainy, which holds a 50% plus one share stake. In November 2022 the Supreme Commander-in-Chief’s office decided to transfer to the state the corporate rights of the company that previously belonged to private owners; those rights are now managed by the Ministry of Defense.