Page 60 - UKRRptMar20

DTEK Oil & Gas plans to drill five deep wells this year, ​allowing gas production to hit 2bcm next year, the company reports citing Extraction and Processing Director Oleksiy Raptanov.
Ukraine’s national gas company​ ​Naftogaz​ has held talks with international investment banks and potential investors about the prospects for an IPO​, Naftogaz CEO Andriy Kobolev has said on February 17. "The success of this process will depend on the ability to demonstrate customer focus. In particular, creating value for the end consumer through convenience (digitalization) and managing consumption (energy efficiency)," Kobolev wrote on his Facebook page as cited by Interfax Ukraine.
Flush from cashing a $2.9bn check from Gazprom in December, Naftogaz continues to sue Russia for $8bn for assets ​– including offshore oil platforms – stolen by Russia during the 2014 annexation of Crimea. In a case started in 2016, the International Court of Arbitration in The Hague acknowledged jurisdiction. Yuriy Vitrenko, Naftogaz executive director, writes on Facebook that the December settlement with Gazprom does affect the Crimea suit, which is against the Russian state.
9.2.3​ Transport corporate news
Qatar’s QTerminals plans to turn Mykolaiv’s Olvia port into a major grain hub, investing $25mn a year for five years​ in a new grain terminal, two new berths, six cranes, silos and belt loaders from rail and truck transfer stations. “We want to turn Olbia into a grain hub,” Neville Bisset, QTerminals CEO, said Friday in Kyiv. “It has a good geographical location. This makes it possible to create a good product.”
Dubai’s DP World, one of the world's largest port operators, is buying control of TIS Container Terminal in Pivdennii, Ukraine’s deepest and busiest Black Sea port​. “The container terminal has entered the world's largest group, which means it will gain access to innovations, IT solutions, expertise,” Andriy Stavnitser, co-owner and CEO of TIS wrote yesterday on his Facebook page. He did not disclose the value on the investment. Opened 12 years ago in Pivdennii, 45 km east of Odesa city, the terminal feeds 15 container trains leaving every week for Chernihiv, Dnipro, Kharkiv, Kyiv and Ternopil. Last year, TIS increased its container handling 75%, to 220,000. Overall, Ukraine handled 1mn containers, up 18% from 2018. By contrast, DP World handled 71mn containers.
Lemtrans, Ukraine’s largest private freight car operator, invested $50mn in capital expenditures last year, up 69% over 2018​. Owned by Rinat Akhmetov’s SCM Group, Lemtrans bought 1,107 freight cars and repaired 6,904 more. Largely hauling coal and iron ore, Lemtrans moved 52.5mn tons of cargo last year, virtually the same as 2018. Lemtrans is one of several logistics companies studying the purchase of locomotives in the event Ukrzaliznytsia surrenders its monopoly on running freight trains down the state-owned rail network.
With no direct flights between Russia and Ukraine, Ukrzaliznytsia reports that four of its five most profitable train last year were between Ukraine and Moscow or St. Petersburg​. On the most profitable line, Kyiv-Moscow, UZ sold 75% of the 339,414 seats, making a profit of $5.5mn. The next four
60​ UKRAINE Country Report​ March 2020 ​ ​www.intellinews.com