KIEV, March 28 - Russian oil giant TNK-BP plans to invest $33 million in modernization of its Linos Ukrainian oil refinery, the company said Monday.

KYIV, Jan 26 - In December 2023, electricity consumption by industry increased by 37.6%: 2.34 billion kWh compared to 1.69 billion kWh in December 2022, the Ministry of Energy reported.

KYIV, Jan 29 – Soon, the six-year period allowed by the manufacturer for the presence of nuclear fuel in all six reactors of the VVER-1000 power units of the temporarily occupied Zaporizhia NPP will expire, in connection with this a new threat to nuclear and radiation safety may arise.

KYIV, Jan 29 – The European Bank for Reconstruction and Development (EBRD) has approved the provision of a sovereign-guaranteed loan of up to EUR 200 million to Ukrhydroenergo to finance the supply of critical equipment to its hydroelectric power plants and support the company's liquidity.

KYIV, Jan 27 – Prices for Ukrainian corn delivered to the ports of Greater Odesa reached a seasonal high for some time, as its limited supply on the market, together with the delay in sales by producers, raised prices to $210-216/ton on DAP terms (the seller bears the risks for the cargo until it is delivered to its destination), while a week earlier this figure was $205-212/ton.

KYIV, Jan 27 – The shortage of electricity in Ukraine during peak hours of consumption in the morning and evening is up to 5 GW, and at night it can be up to 3 GW, Dmytro Sakharuk, Executive Director of DTEK, has said.

KYIV, Jan 29 – Gas Transmission System Operator of Ukraine LLC (GTSOU) is mulling the possibility of merging the western border entry/exit points of the Ukrainian gas transmission system (GTS) into virtual interconnection points (VIP) bid to streamline operations and deepen regional market integration.

KYIV, Jan 29 – People in Ukraine see corruption and war in Donbas as the main problems that impede the development of the country, according to a study conducted by the Ilko Kucheriv Democratic Initiatives Foundation together with the sociological service of the Razumkov Center.

KYIV, Jan 29 – The price of gas supplied by Naftogaz Ukrayiny for the needs of households and heat producers in January 2020 will be UAH 4.65 per cubic meter (VAT, pipe transportation costs and gas distributors' markups not included), which is 25% less than in January 2019.

DAVOS, Jan 28 - DTEK, the largest private energy holding in Ukraine, actively supports the speedy transition to an auction system while encouraging the development of renewable energy sources and compete under these new conditions, Maksym Tymchenko, the director general of the energy holding, has told Interfax-Ukraine in Davos.