Zakhaz

PAT Zakhaz

Zakhaz headquarters in Karga, Samistopol
Native name	ПАТ «Захаз»
Type	Public (PAT)
Traded as	SMSX: ZAK WSE: ZAKH VLX: ZAHZ
Industry	Oil and gas
Predecessors	SMEC PeTrohaz Pireskom
Founded	November 2, 1984 (1984-11-02) Samistopol, Narozalica
Headquarters	Karga, Samistopol , Narozalica
Area served	Euclea
Key people	Olexander Huba (CEO) Alexei Tsvyk (Chairman)
Products	Petroleum (incl. petrochemicals) Natural gas
Revenue	€51.1 billion (2018)
Operating income	€6.04 billion (2018)
Net income	€5.57 billion (2018)
Total assets	€47.4 billion (2018)
Total equity	€30.2 billion (2018)
Owner	Government of Narozalica (33.31%) Company employees (3.19%) State-run investment firms (7.63%) Independent shareholders (55.87%)
Number of employees	190,477 (2020)
Website	zakhaz.nr zakhaz.com zakhaz.ec

PAT Zakhaz (Narodyn: ПАТ «Захаз») is a multinational public company that specialises in the extraction and distribution of petroleum and natural gas as well as the refining of petrochemicals. Headquartered in the district of Karga in Samistopol, it is one of the largest companies in Euclea based on revenue, assets and employee numbers. It runs an extensive network of natural gas pipelines across Euclea, providing gas to a multitude of Euclean states, including members of the Euclean Community and Association of South Euclean States.

Zakhaz owes its size and revenue to Narozalica's extensive reserves of natural gas, both on land and in the Perovo Sea. Narozalica possesses Euclea's largest natural gas deposits and is one of the world's largest producers of natural gas per cubic metre. Zakhaz is involved in the production and distribution of around 85% of Narozalica's annual natural gas exports. It also exports and refines petroleum, however this is on a much smaller scale.

Zakhaz was formed in 1984 as a merger of SMEC, PeTrohaz and Pireskom, all three of which were hit badly by the Sostava War and were suffering from a massive decline in extraction and export. The merger was finalised on November 2, and supported by the government, who partially publicised the company, obtaining 33% of its shares. A further 7.6% was acquired through investments of Narozalica's sovereign wealth fund between 1985 and 2000. Despite extensive government ownership – totalling to roughly 40% – the majority of its stocks are held by independent shareholders, and its shares are traded in Euclea's top exchanges.

Operations

Natural gas

Pipelines

Map of pipelines operated by Zakhaz either solely or in partnership with other gas companies. Solid red lines are pipelines currently in operation, while dotted red lines represent planned or under-construction pipelines.

Pipeline Name	Opened	Starts	Ends	Participating states	Operating companies
Sarul–Tumir	1972	Port of Sarul	Tumir Natural Gas Plant	Narozalica	Zakhaz
Vymushuv–Oivu	1974	Vymushuv Port Refinery	Oivu	Narozalica Velzemia	Zakhaz
Seredny	1977	Tumir Natural Gas Plant	Kissamos, Piraea	Amathia ( EC member) Lemovicia Narozalica Piraea Slirnia Vedmed West Miersa	Zakhaz
Pivden-1	1992	Utta, Zalykia	Tretogor, Poliania	Narozalica Poliania	Zakhaz
Pivden-2	1997	Gruniki, Terekhivka	Lazarevo, Poliania	Narozalica Poliania	Zakhaz
Min	1998	Polansk, Radushia	Ottseda, Radushia	Narozalica Radushia	Zakhaz
Promysel	2002	Krada, West Miersa	Drazovice, Slirnia	Narozalica Slirnia West Miersa	Zakhaz
Pivden-3	2007	Tsivebi, Vedmed	Maljubav, Minilov	Minilov Narozalica Vedmed	Zakhaz

Corporate affairs

Current board

CEO

• Olexander Huba (since 2007)

Chairman

• Alexei Tsvyk (since 2013)

Directors

Zakhaz's Board of Directors is elected every seven years, where employees of the company elect eighteen directors (20 total, including the CEO and Chairman), the last election was in 2016, and elected:

• Olexander Huba (CEO)
• Alexei Tsvyk (Chairman)
• Michail Andreichyn
• Galchonok Tarasenko
• Alya Kolba
• Mashunya Nazarowicz
• Lyudochka Sokolova
• Nastya Kluka
• Pavlushka Kurylenko
• Inna Andreichyn
• Yaremka Salenko
• Igoryok Andrukh
• Galyushka Goraya
• Lyuba Loboda
• Yura Kurywczak
• Misha Yecoshenko
• Gavril Andruntsiv
• Uriah Usenko
• Fyodor Karaszkewycz
• Shurik Maryniuk