PROJECT

Projects

Summary of Investment Information

Project Number

33721

Company Name

CONCERN GALNAFTOGAZ, JSC

Date SPI Disclosed

Sep 25, 2013

Country

Ukraine

Region

Europe

Projected Board Date

Oct 28, 2013

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Oct 23, 2021

Department

Gbl Ind, Manufact, Agribus & Services

Industry

Manufacturing

Previous Events

Approved : Nov 11, 2013
Signed : Nov 15, 2013
Invested : Dec 23, 2013

Sector

Other Petroleum and Coal Products

Project Description

Public Joint Stock Company “Concern Galnaftogaz” is based in western Ukraine and operates the second largest petrol filling station network in Ukraine by volume under the “OKKO” brand. Galnaftogaz’s petrol filling stations are built in a format common in western Europe, comply with up-to-date technical and environmental specifications, and offer various related products and services such as convenience stores and restaurants. The purpose of the project is to support the expansion of Galnaftogaz through a) expanding the number of petrol filling stations, convenience stores, and liquefied petroleum gas modules, b) investing in infrastructure upgrades and measurement / control systems, and c) managing working capital risks by partially replacing short-term loans with long-term debt.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation