In 2023, PJSC Ukrnafta plans to increase oil and gas condensate production by 6% compared to last year. This was announced by the company’s director, Serhiy Koretskyi, according to Interfax-Ukraine. According to him, Ukrnafta plans to increase drilling volumes this year; an ambitious development strategy is also being formulated, and goals for acquiring new licenses have been set.
Koretsky noted that the company has completed compliance procedures with two state-owned and one private bank, and credit lines have already been opened with all three. In addition, Ukrnafta is working to recover billions in accounts receivable and expects that the optimization processes implemented in a short period of time will yield annual savings of hundreds of millions of hryvnias.
The 2023 budget has been formulated with record-high projected net profit figures, he clarified.