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Sergii Koretskyi

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Sergii Koretskyi
Born (1978-03-14) March 14, 1978 (age 46)
Lutsk, Ukraine
Alma materLutsk State Technical University, Kyiv-Mohyla Business School
Occupation(s)Businessman, top manager
Known forDirector of PJSC "Ukrnafta" and JSC "Ukrtatnafta"

Sergii Fedorovych Koretskyi (born March 14, 1978, in Lutsk) is a Ukrainian politician and top manager in the oil and gas industry, particularly in the segments of oil extraction, refining, and the wholesale and retail sale of petroleum products (Downstream). Since November 2022, he has served as the Director of PJSC "Ukrnafta" and JSC "Ukrtatnafta."

Education

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In 2001, Sergii Koretskyi graduated from the Mechanical Engineering Faculty of Lutsk State Technical University, and in 2005, from the Business Faculty of the same university. In 2019, he completed an Executive MBA program at the Kyiv-Mohyla Business School.

Career

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From 1997 to 2018, Koretskyi worked at Continuum Group (Lutsk), rising from an analyst to the CEO. In 2002, he became the head of the joint venture "Western Oil Group," and from 2007, served as the CEO of Continuum's managing company. In 2013, he became the CEO of WOG, where he developed and implemented business strategies, secured financing, led investor negotiations, and handled M&A transactions. Under his leadership, WOG expanded its activities, including the launch of standalone cafés outside of gas stations.[1][2]

In 2018, Koretskyi left Continuum to focus on developing his businesses.[3]

From 2014 to 2019, he was a Verkhovna Rada of Ukraine member of the VIII convocation.[4] During this time, Koretskyi was a member of the Committee on Energy and Housing and Communal Services, as well as the Committee on Economic Development.[5]

2019–2022: Private Business

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In April 2019, he founded IDEALIST Coffee Co., a full-cycle coffee company that includes a chain of coffee shops. As of 2024, 10 locations operate in Kyiv.[6][7]

In 2022, IDEALIST Coffee Co. began providing coffee for Ukrainian Railways trains.[8] By the end of 2021, Koretskyi had stepped down from his position as a beneficiary of the coffee companies, leaving management to professionals. From August 2019 to November 2022, he co-founded and chaired Centurion Group SA, an energy trader based in Switzerland.[9]

Since 2022: Director of PJSC "Ukrnafta"

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On November 9, 2022, the General Shareholders' Meeting appointed Koretskyi as the Director of PJSC "Ukrnafta" and PJSC "Ukrtatnafta."[10][11]

In an interview with NV Business, Koretskyi elaborated on the shareholders' priorities: supporting the Ukrainian Armed Forces, ensuring energy security, and fulfilling social responsibilities.[12] In 2023, "Ukrnafta" increased oil production with condensate by 3%, reaching 1.4 million tons, and gas production by 6%, totaling 1.1 billion cubic meters.[13]

For the first time in the company's history, "Ukrnafta" prepared its financial plan according to the requirements of the Law of Ukraine "On the Management of State-Owned Assets." In 2023, "Ukrnafta" ranked first in Opendatabot's index of the best extractive enterprises, with a turnover of 95.17 billion UAH.[14] The company also reported a net profit of 23.6 billion UAH, confirmed by an independent audit conducted by Grant Thornton.[15]

In 2023, "Ukrnafta" fully repaid its tax debt of 6.9 billion UAH[16] and announced plans to invest $1 billion in gas generation.[17][18] Under Koretskyi's leadership, the company optimized costs, modernized production,[19] and launched an investment program aimed at increasing oil and gas output,[20] with 20 new wells planned for 2024.[21][22][23]

"Ukrnafta" also expanded its partnerships with international companies to replace outdated Soviet, Russian, and Belarusian equipment. The company began working with the American Petroleum Institute (API) for standardization and certification.[24] Additionally, "Ukrnafta" updated its equipment with modern technology, such as installing electric submersible pumps from Oil Dynamics[25] and Baker Hughes[26] and purchasing specialized buses[27] and telescopic loaders.[28]

In 2023, "Ukrnafta" saw significant growth in its non-fuel segment,[29] with a 53% increase in non-fuel transactions, reaching 4.6 million, and a 74% increase in revenue.[30] The company also introduced the sale of AdBlue fuel additives and launched inter-issuer programs with national and regional gas station networks.[31]

Koretskyi has prioritized social responsibility, with "Ukrnafta" providing 1.25 billion UAH in charitable donations in 2023.[32][33] The company also contributed 100 million UAH toward purchasing 50 armored personnel carriers (APCs)[34] for the "Steel Border" unit and funded several batches of pickups for the Armed Forces of Ukraine.[35]

In early 2024, "Ukrnafta" made a significant donation of over 50 million UAH to purchase 1,000 FPV drones and other military equipment.[36][37][38] The Ministry of Defense of Ukraine also confirmed in May 2023 that "Ukrnafta" was meeting all its fuel supply obligations to the military.[39]

In 2024, on his birthday, Koretskyi personally donated 1 million UAH to the Ukrainian Armed Forces.[40]

References

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  1. ^ "Компанія WOG отримала престижну міжнародну нагороду". Волинь24. Retrieved 2024-10-01.
  2. ^ "Чи готовий знизити ціни на пальне гендиректор мережі WOG Сергій Корецький". nv.ua (in Ukrainian). Retrieved 2024-10-01.
  3. ^ "Гендиректор WOG Корецький звільнився з компанії". Економічна правда (in Ukrainian). Retrieved 2024-10-01.
  4. ^ "Список народних депутатів України 9-го скликання". Верховна Рада України. Retrieved 2024-09-26.
  5. ^ "Комітети Верховної Ради України 9-го скликання". Верховна Рада України. Retrieved 2024-09-26.
  6. ^ "Наші контакти кав'ярні ▷ Idealistcoffee". idealistcoffee.com. Retrieved 2024-10-01.
  7. ^ "Дізнайтесь більше інформації про нас ➦ Інтернет-магазин ▷ Idealistcoffee". idealistcoffee.com. Retrieved 2024-10-01.
  8. ^ "Пасажири поїздів отримають нові можливості скрасити дорогу — що голова Укрнафти продаватиме Укрзалізниці?". biz.nv.ua (in Ukrainian). Retrieved 2024-10-01.
  9. ^ "Колишній гендиректор WOG став співзасновником міжнародного трейдера". Економічна правда (in Ukrainian). Retrieved 2024-10-01.
  10. ^ Herasimova, Tetiana (10 November 2022). "WOG Ex-Director General Koretskyi Heads Ukrnafta And Ukrtatnafta". ukranews. Retrieved 2024-10-01.
  11. ^ "Ex-CEO of WOG Koretsky heads Ukrnafta, Ukrtatnafta". Interfax. 10 November 2022. Retrieved 2024-10-01.
  12. ^ "Укрнафта без Коломойського. Сергій Корецький очолив головну паливну компанію України. Який бізнес він будує — інтерв'ю". biz.nv.ua (in Ukrainian). Retrieved 2024-10-01.
  13. ^ "In 2023, Ukrnafta increases oil and condensate production by 2.9%, gas production by 5.8%". interfax. 15 January 2024. Retrieved 2024-10-01.
  14. ^ ""Укрнафту" визнали найкращим видобувним підприємством". ukrnafta. 21 March 2024. Retrieved 2024-10-01.
  15. ^ "Чистий прибуток «Укрнафти» за 2023 рік склав 23,6 млрд грн: результати міжнародного аудиту". ukrnafta. 4 April 2024. Retrieved 2024-10-01.
  16. ^ ""Укрнафта" сплатила 6,9 млрд грн податків". ukrnafta. 14 April 2023. Retrieved 2024-10-01.
  17. ^ ""Укрнафта" навʼязує конкуренцію ОККО і ДТЕК. Найбільша нафтова компанія країни планує за три роки вкласти $1 млрд у газову генерацію. Що задумав СЕО компанії Корецький — Forbes.ua". forbes.ua (in Ukrainian). 2024-07-03. Retrieved 2024-10-01.
  18. ^ ""Укрнафта" планує вкласти $1 мільярд у газову генерацію". Економічна правда (in Ukrainian). Retrieved 2024-10-01.
  19. ^ Віннічук, Юрій (20 February 2023). "Сергій Корецький: "В "Укрнафті" виявили нестачу сотень тисяч тонн нафти і зникло 100 тис. тонн нафтопродуктів на 5 млрд грн"". biz.censor. Retrieved 2024-10-01.
  20. ^ "Ukrnafta increases daily production by over 80 tonnes due to two geological, technical activities". interfax. 20 December 2023. Retrieved 2024-10-01.
  21. ^ "За 10 років "Укрнафта" пробурила 52 свердловини". enkorr.ua (in Ukrainian). Retrieved 2024-10-01.
  22. ^ "За 10 років "Укрнафта" пробурила 52 свердловини". МІА Вектор Ньюз. Retrieved 2024-10-01.
  23. ^ "Ukrnafta begins drilling new well in west of country". interfax. 5 July 2024. Retrieved 2024-10-01.
  24. ^ ""Укрнафта" та American Petroleum Institute розпочали співпрацю у сфері стандартизації та сертифікації". 27 October 2023. Retrieved 2024-10-01.
  25. ^ "Ukrnafta orders 200 pumps from German Oil Dynamics to intensify production". interfax. 23 November 2023. Retrieved 2024-10-01.
  26. ^ ""Укрнафта" встановила на своїх свердловинах нові німецькі насоси — НафтоРинок". www.nefterynok.info (in Russian). Retrieved 2024-10-01.
  27. ^ ""Укрнафта" придбала 12 нових автобусів". interfax. 26 January 2024. Retrieved 2024-10-01.
  28. ^ ""Укрнафта" розширює парк спецтехніки". enkorr.ua (in Ukrainian). Retrieved 2024-10-01.
  29. ^ "Хто втамовує спрагу "залізних коней": найбільші мережі АЗС України та кому вони належать". rau.ua (in Ukrainian). 2021-08-09. Retrieved 2024-10-01.
  30. ^ "Підсумки-2023: збільшили непаливні продажі в мережі АЗК". ukrnafta. 30 January 2024. Retrieved 2024-10-01.
  31. ^ ""Укрнафта" і SOCAR розпочали співпрацю у сфері паливних карток". interfax. 5 October 2023. Retrieved 2024-10-01.
  32. ^ "Ukrnafta provides assistance to Defense Forces for UAH 700 mln – company head". interfax. 8 November 2023. Retrieved 2024-10-01.
  33. ^ "Ukrnafta, together with Come Back Alive Foundation, hand over eight new pickups to Ukrainian Navy". 25 December 2023. Retrieved 2024-10-01.
  34. ^ ""Нафтогаз" виділив понад 100 млн грн на закупівлю 50 БТРів". ГЛАВКОМ (in Ukrainian). 2023-09-03. Retrieved 2024-10-01.
  35. ^ ""Укрнафта" передала батальйону "Азов" 15 пікапів — НафтоРинок". www.nefterynok.info (in Russian). Retrieved 2024-10-01.
  36. ^ "FPV-дрони, квадрокоптери та ударні БпАК: Фонд і "Укрнафта" підсилили військо на майже 52 млн грн - savelife.in.ua" (in Ukrainian). 2024-02-23. Retrieved 2024-10-01.
  37. ^ ""Укрнафта" профінансувала закупівлю понад 1000 FPV-дронів для ЗСУ". interfax. 23 February 2024. Retrieved 2024-10-01.
  38. ^ ""Ukrnafta" allocated UAH 20 million and 50 thousand liters of fuel to support Kharkiv region". interfax. 11 April 2024. Retrieved 2024-10-01.
  39. ^ ""Укрнафта" виконує всі зобов'язання з постачання палива армії – Міноборони". www.ukrinform.ua (in Ukrainian). 2023-05-21. Retrieved 2024-10-01.
  40. ^ "Сергій Корецький у свій день народження задонатив 1 млн грн на ЗСУ — НафтоРинок". www.nefterynok.info (in Russian). Retrieved 2024-10-01.
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