Smart Maritime Group and Naftogaz of Ukraine Sign Cooperation Agreement


Kiev, 29 November – Smart Maritime Group (SMG), integrating shipbuilding and marine sector assets of Smart Holding, and Naftogaz of Ukraine (National Joint Stock Company) have signed a strategic partnership memorandum.

The Parties determined recovery and development of the marine technology fleet of Chernomorneftegaz Company as one of the priority areas for their joint efforts within the framework of the memorandum. Currently, Naftogaz of Ukraine is implementing a large-scale program for modernization and renovation of Chernomorneftegaz production facilities to increase the production of hydrocarbons in the shelves of the Black Sea and the Sea of Azov.

The Parties also agreed to focus their joint efforts on the development of social infrastructure of the regions and on creation of additional jobs in the oil and gas as well as in the shipbuilding industries.

The document was signed in Kiev on November 26 by Evgeniy Bakulin, the Chairman of the Board of Naftogaz of Ukraine, Valeriy Yasiuk, the Chairman of the Board of Chernomorneftegaz, and Pavel Konstantinov, the Chairman of the Supervisory Board of Smart Maritime Group.

‘Signing of the memorandum with Naftogaz of Ukraine is an important strategic initiative for SMG to consolidate its position in the high-tech offshore shipbuilding niche. This direction will certainly be a priority in the long-term development of the shipbuilding company,’ said Pavel Konstantinov, the Chairman of the Supervisory Board at Smart Maritime Group.


Smart Maritime Group (SMG) is Ukraine’s largest shipbuilding holding company. It was established in 2009 to manage the marine assets of Smart Holding. SMG integrates two largest shipbuilding companies of Ukraine, Chernomorsky Shipbuilding Yard and Kherson Shipyard. The sub-holding company also includes Ochakov port (Dnieper-Bug firth, Nikolaev region).

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Naftogaz of Ukraine is a vertically integrated state-run company that carries out full cycle of operations in exploration and development of deposits, production and exploration drilling, transportation and storage of oil and gas, supply of natural gas and liquefied gas to consumers. Over 90% of oil and gas in Ukraine are produced by the production enterprises of the company.

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Chernomorneftegaz (Public Open Joint Stock Company) specializes in exploration and production of oil and gas in the offshore area of the Black Sea and the Sea of Azov. The company owns 17 deposits: 11 gas deposits, four gas and condensate deposits and two oil deposits. 100% shares in Chernomorneftegaz are in the authorized capital of Naftogaz of Ukraine.

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