Zakhaz

PAT Zakhaz
Native name
ПАТ «Захаз»
Public (PAT)
Traded as
IndustryOil and gas
PredecessorsSMEC
PeTrohaz
Pireskom
FoundedNovember 2, 1984; 36 years ago (1984-11-02)
Samistopol, Narozalica
Headquarters,
Area served
Euclea
Key people
Olexander Huba (CEO)
Alexei Tsvyk (Chairman)
ProductsPetroleum (incl. petrochemicals)
Natural gas
RevenueIncrease €112.1 billion (2018)
Increase €16.04 billion (2018)
Increase €15.57 billion (2018)
Total assetsIncrease €247.4 billion (2018)
Total equityIncrease €130.2 billion (2018)
OwnerGovernment of
Narozalica
(33.31%)
Company employees (3.19%)
State-run investment
firms (7.63%)
Independent
shareholders (55.87%)
Number of employees
Increase 190,477 (2020)
Websitezakhaz.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.

History

Origins

Euclean expansion

Modern history

Operations

Oil

Natural gas

Land-based

Sea-based

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[a] Tumir Natural Gas Plant Kissamos, Piraea  Amathia (Euclean Community EC member)
 Lemovicia[b]
 Narozalica
 Piraea
 Slirnia
 Vedmed
 West Miersa
Zakhaz
EEEP
GAZM
Pivden-1 1992 Utta, Zalykia Sběr, Poliania  Narozalica
 Poliania
Orlen
Zakhaz
Pivden-2 1997 Gruniki, Terekhivka Libiš, Poliania  Narozalica
 Poliania
Orlen
Zakhaz
Min 1998 Polansk, Radushia Ottseda, Radushia  Narozalica
 Radushia
Zakhaz
Promysel 2002 Krada, West Miersa Drazovice, Slirnia  Narozalica
 Slirnia
 West Miersa
Zakhaz
GAZM
Pivden-3 2007 Tsivebi, Vedmed Maljubav, Minilov  Minilov
 Narozalica
 Vedmed
Zakhaz

Corporate affairs

Shareholders

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

Notable subsidiaries

Controversies

Environment

2006 oil spill

Notes

  1. The pipeline was expanded gradually until 1993.
  2. Partially-recognised state. Pipeline briefly passes through the western regions of the country.