LUGANO, June 8 – JSC Ukrnafta, which has been completely under state control since the end of 2022, sets a strategic goal to double oil and natural gas production by 2027, to 3 million tons and 2 billion cubic meters, respectively, First Deputy Board Chairman Denys Kudin said at the recent Ukrainian-Swiss business forum in Lugano.

"Obviously, this will lead to a higher utilization of the refinery [Ukrtatnafta, also taken over by the state], which will reach 6 million tons and will triple compared to pre-war volumes. And, again, our plan is to sell these products in Ukraine," he said.