Skip to content
Edit post

Energy giant DTEK starts oil production in Poltava Oblast

by Elsa Court and The Kyiv Independent news desk October 11, 2023 10:31 PM 2 min read
Maksym Timchenko, CEO of Ukraine's largest private energy company DTEK, attends the Redefining Ukraine's Energy Future panel during the Ukraine Gas Investment Congress in Kyiv on Oct. 20, 2021. (Yevhen Kotenko/Ukrinform/Future Publishing via Getty Images)
This audio is created with AI assistance

Support independent journalism in Ukraine. Join us in this fight.

Become a member Support us just once

DTEK, Ukraine's largest private energy company, will finish drilling its first oil well in Poltava Oblast by the end of its month, the company's CEO Maksym Timchenko announced at a press conference on Oct. 11.

This is the first time the company will produce oil, Timchenko said, adding that "all the infrastructure for this is being created so that we become a player in the oil market."

The company also plans to start refining oil, but wants to use the latest technology and is therefore unlikely to purchase existing oil refineries in Ukraine, according to Timchenko.

DTEK's expansion into oil drilling and refining is part of a wider trend in Ukraine's energy sector of striving for energy security and independence.

Oil refineries, along with other energy production facilities, are often targeted by Russian strikes.

Russian forces are expected to increase their targets of critical energy infrastructure as the country moves into winter.

On Oct. 2, Russia attacked DTEK warehouses in Dnipropetrovsk Oblast, causing damage to cables, transformers, and other electrical equipment, the company said on Telegram.

The company did not specify the extent of the damage, nor the time and resources it would require to repair it.

"No matter how hard the enemy tries," DTEK wrote, "they will not be able to disrupt our preparations for the winter season."

Earlier on Oct. 2, German Foreign Minister Annalena Baerbock emphasized the need for Ukraine's allies to increase the strength of a "winter protection umbrella" in order to alleviate the disruptions associated with the Russian military's attacks on Ukrainian critical infrastructure.

With winter approaching, is Ukraine’s energy system ready for renewed Russian attacks?
The specter of Russian attacks on Ukraine’s energy system looms once again as winter rapidly approaches. Last year in early October, just as Ukraine’s heating season began, Russia launched a month-long series of missile and drone attacks against Ukraine’s energy infrastructure, leading to blackouts…

News Feed

Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
1:56 AM  (Updated: )

Trump shot at during Pennsylvania rally.

At a rally in Pennsylvania, gunshots were reportedly fired at former U.S. President Donald Trump, prompting security staff to rush him off stage.
10:47 PM

Kremlin spokesman threatens Europe over decision to host US missiles.

"Our country is in the crosshairs of American missiles located in Europe. We've been through all this before," he said in an interview with Russian TV propagandist Pavel Zarubin. "We have enough potential to deter these missiles. But the capitals of these states are potential victims."
9:18 PM

Chief emergency worker among two killed in Kharkiv Oblast.

Half an hour after emergency workers arrived at the scene, Russian troops launched a second attack on the same location, Artem Kostyria, head of the State Emergency Situations Service's branch in Kharkiv Oblast, and police sergeant Oleksiy Koshchii.
5:24 PM

Russian kamikaze drone flies deep inside Belarus, whereabouts unknown.

The Belarusian Hajun monitoring group reported it had flown 250 kilometers "over Gomel and Zhlobyn, entered the Mogilev region, and then the Minsk region." It also said a Belarusian Mi-24 helicopter and Su-30 fighter jet were scrambled to intercept the drone before it "presumably flew to Vitebsk."
3:37 PM

US developing new 'extended-range' missile for Ukraine's Air Force.

The new weapon to be developed is an Extended-Range Attack Munition (ERAM), that aims to be a low-cost, quick to produce air-launched missile with a range of around 460 kilometers. The manufacture of the weapon is intended to begin no later than two years after the awarding of the contract and up to 1,000 are to be produced each year.
3:19 PM

Children's theater goes underground in Kharkiv

In the heart of Kharkiv, Kharkiv Theater for Children and Youth performs in bomb shelters under constant threats of Russian attacks. The Kyiv Independent visited one of the theater's performances in late June to meet the dedicated actors and their no less dedicated audience.
10:46 AM

Poland considers downing Russian missiles over Ukraine, FM says.

Polish Foreign Minister Radoslaw Sikorski said the problem for Warsaw is that once downed, the debris could pose a threat to Poles and the country's property. "At this stage, this is an idea. What our agreement said is we will explore this idea," he added.

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
* indicates required
* indicates required
* indicates required
* indicates required
* indicates required


* indicates required
* indicates required


* indicates required
* indicates required


* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.