The state-owned oil company has signed a Memorandum of Understanding with API.
According to the document, Ukrnafta gains access to API standards agreed upon by the global industry community. Our experts will participate in meetings and working groups focused on developing and discussing international best practices. API and Ukrnafta will be able to jointly organize standardization, training, certification and safety events.
According to Sergii Koretskyi, CEO at UKRNAFTA, this is the most strategic step for the national oil industry in many years of its existence.
"The Ukrainian oil and gas industry has a glorious history, strong experience and great development prospects. However, we have been dependent on Soviet, Russian and Belarusian equipment for a long time," explained Sergii Koretskyi. - "The memorandum with API will change this completely. The signed agreement confirms the commitment of both parties to strengthen Ukraine's energy independence and its move away from Russian standards, equipment and operations."
API was established in 1919. Since then, the organization has developed more than 800 standards to improve operational and environmental safety, efficiency and sustainability.
Today, API represents all segments of the U.S. oil and gas industry. About 600 members of the organization produce, process and distribute most of the energy in the United States and participate in the API Energy Excellence® program, which accelerates progress in environmental and safety protection through the introduction of new technologies and transparent reporting.
“As the world's premier standards-setting organization for the natural gas and oil industry, API is honored to embark on this new cooperative relationship with Ukrnafta,” said Anchal Liddar, API Senior Vice President for Global Industry Services. "This alliance solidifies our shared vision of strengthening Ukraine's energy infrastructure and independence based on our world-class standards.”
"In fact, this Memorandum opens the door to the future. We will be able to exchange information on annual programs, plans for the development of standards and best practices, which will allow us to understand how the world will develop and what Ukrnafta needs to do to be on the same page with the benchmarks that drive progress in the oil and gas industry," emphasizes Sergii Koretskyi.
The Memorandum of Understanding with API will allow Ukrnafta to significantly improve its efficiency and attract the best global technologies to the development of the Ukrainian oil industry.
This is one of the key projects of the company's transformation in the coming years, which will ultimately allow Ukraine to gain the desired energy independence.
