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Swiss-based crude oil and fuel trader Petroforce has established its subsidiary in Ukraine and applied for a natural gas trader's license, according to the Ukrainian National Energy and Utilities Regulation Commission's draft decision prepared for an August 3 meeting, according to the energy news portal OilNews.
Petroforce Ukraine LLC with charter capital of UAH 10,000 (about US$387) was set up in Kyiv on June 19. 2017. It is a 100% Ukrainian subsidiary of Petroforce Trading and Shipping SA. Volodymyr Kuchmansky, former first deputy head of NJSC Nadra Ukrainy's subsidiary CherihivNaftogazGeologiya, was appointed Director of Petroforce Ukraine LLC, according to OilNews.
Read alsoAnother gas trader enters UkraineAccording to the Justice Ministry's register, Petroforce Ukraine LLC is licensed to trade and produce natural gas, as well as be engaged in wholesale of other types of fuel. The company has already posted information about itself in Ukrainian on its website.
As UNIAN reported earlier, such global traders as Trafigura, MET Holding, DufEnergy, and AOT Energy have already established subsidiaries in Ukraine.
UNIAN memo. Petroforce is a global company trading in crude oil, boiler oil, petrol, and jet fuel. It was founded in 2012.