5 best news for May

Ukraine is modernizing the largest underground storage facilities in Europe

The gas storage operator of Ukraine is starting to re-equip five gas turbine engines for Bilche-Volytsko-Uhersky UGS. The project worth more than 80 million hryvnias will be completed by the end of this year, Ukrtransgaz reported on Monday, May 17.

It is noted that the modernization will reduce fuel gas consumption during the operation of underground storage facilities by 20%, increase the efficiency and effectiveness of the largest gas storage facility in Europe. The power of the new engines is similar to the existing ones and is 6.3 MW. But unlike the existing equipment of gas storages, efficiency in new gas turbine engines is bigger.

“As a result, the new engines will increase the reliability and performance of ground-based energy mechanical equipment of underground storage facilities, while increasing the efficiency of the compressor station (DCS) both in the injection process and in the extraction of gas from underground storage facilities,” the statement said.

The modernized DKS, among other things, will ensure the long-term operation of the Hungarian deposit of the XVI horizon. In addition, it is extremely important for the overall efficiency of all underground storage facilities in the country, in particular in the gas extraction regime, Ukrtransgaz added.

Oil prices fell due to US stocks

World oil prices of reference brands at the auction on Wednesday, May 19, fell after the publication of data on stocks in the United States.

In particular, the price of July futures for Brent oil on the London Stock Exchange ICE Futures fell by 4.89% – to $ 65.35 per barrel, but later returned to above $ 66.

WTI oil futures for June trading on the New York Mercantile Exchange (NYMEX) traded at $ 62.62 per barrel, which is 4.38% lower than yesterday.

According to the US Department of Energy, oil reserves in the country for the week increased by 1.32 million barrels, while experts expected a decrease of 2.9 million barrels.

At the same time, oil futures are being pressured by news of a possible increase in production in Iran.

Ukraine and France will sign agreements worth 1.3 billion euros

During his visit to Kyiv, French Minister of Economy, Finance and Reconstruction Bruno Le Mer will sign four strategic intergovernmental agreements worth a total of 1.3 billion euros. He said this in an interview with Interfax-Ukraine.

“During my visit, France will sign four strategic intergovernmental agreements with Ukraine totaling 1.3 billion euros. This is very significant. And I want to emphasize one key point: these projects will improve the living conditions of Ukrainians. It is about drinking water, mobility, security and civil protection, “said Le Mer.

The Minister also said that in 2020 the total volume of trade between France and Ukraine reached 1.6 billion euros.

“Our economic relations are very dynamic and we are on the right track. I want to give you a single figure: in 2020, total trade between France and Ukraine reached 1.6 billion euros – a very important amount that remains steadfast despite the crisis. COVID-19. Now we want to strengthen and accelerate economic cooperation between our two countries. This is the purpose of my visit to Kyiv, “he said.

According to Le Mer, there is now a large network of French companies in Ukraine.

“Currently, 160 French companies have been established in the country, employing 30,000 people. This makes French companies the leading international employers in Ukraine,” the minister stressed.

The new electric pickup Ford F-150 Lightning was awarded an advertisement by Biden

Ford on Wednesday officially unveiled the all-electric F-150 Lightning pickup, which could become the new most popular pickup in the United States, given Americans’ love for Ford F-Series cars.

President Joe Biden drove an F-150 Lightning during his visit to the Ford Rouge Electric Vehicle Center, a new high-tech plant in Dearborn, Michigan.

The company’s new product is expected to arrive in dealerships in mid-2022. You can reserve a place in the queue for its purchase in the United States with a deposit of $ 100.

Ford is in the process of implementing its $ 22 billion electrification investment program by 2025. The US carmaker №2 is determined to take a larger share of the electric pickup market in the country, given that it is the best-selling type of car in the country.

German leading company in the field of cleaning technologies and cleaning equipment Karcher invests in the construction of a modern office complex Karcher Competence Center

Karcher Ukraine announces investment in large-scale construction for location of the company’s official representative office in Ukraine. All the necessary permits have already been obtained and the initial stage of work is underway. The opening of the complex called Karcher Competence Center is scheduled for 2022.

100% modern and environmentally friendly Karcher representative office will be located in Kyiv region, near the village Gatne. In addition to office space, it will include the largest in Ukraine Karcher Center, innovative training center Karcher Academy and a service center for maintenance of equipment from the well-known manufacturer. The new complex also plans to gather colleagues from all over Eastern Europe for training and experience exchanging in future.

The future office center will be built with the most environmentally friendly and modern technologies, such as solar panels and water conservation systems. Rainwater storage tanks will be installed in the building for use at the Ukrainian headquarter and Karcher Academy. It is also planned to install a modern car wash with the use of innovative environmental technologies that eliminate environmental pollution and save natural resources. The future Karcher Competence Center will implement water purification technologies for daily and educational use. Therefore, the company does everything to minimize the potential negative impact on the environment.

The construction of the international office center is a powerful investment in the state economy, job creation and a positive image of Ukraine in the international market. The complex will be benefitial in the local level by creating new jobs for the residents of the village Gatne, improving infrastructure and more. For example, the construction project envisages the creation of two underground reservoirs for water storage with a total volume of more than 300 cubic meters, extension of water supply system. A fire hydrant will also be installed for operation in the event of a fire, not only for the needs of Karcher, but also for nearby houses and buildings. These investments increase fire safety in the district and improve the existing state of infrastructure. After the opening of the Karcher Competence Center, the company will become a source of significant tax deductions to local budgets and will help to attract local companies for cooperation.

In addition, Karcher plans to implement environmental and social initiatives at the local level. This is a logical continuation of Karcher’s strategy in the world and in Ukraine. The company constantly uses equipment for cleaning landmarks and public places (such as cleaning the Potemkin Stairs in Odessa, the monument to Shevchenko in Lviv, the territory of Shevchenko Park in the capital, etc.).

Opening of the innovative building of the official representative office of Karcher Ukraine in 2022 will be an important step in the development of the company in Ukraine. The head of the Ukrainian subsidiary is confident that the company will grow rapidly in the local market in the next 15-20 years.