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Automatically translated version. May contain inaccuracies compared to the original.
At the beginning of October this year, the government allowed private companies to export domestically produced natural gas. The company that benefited most from this decision is owned by former Environment Minister Mykola Zlochevskyi. Analysts estimate that the controversial company of the former government member could have earned almost 14 million euros in October alone.
Most of the licenses and permits held by companies associated with Zlochevskyi were acquired while he was a member of the government under former President Viktor Yanukovych, who later fled the country. The legality of the extraction rights granted to Zlochevskyi’s companies was the subject of numerous investigations. Nevertheless, he still holds around 30 permits. And these, without exaggeration, bring him double-digit millions in revenue.
Reported by Antikor.
Zlochevskyi is known as the founder of the Burisma group. The group’s board of directors included, among others, Hunter Biden, the son of a former US president, and former Polish President Aleksander Kwaśniewski. In 2023 the group was dissolved and its assets transferred to other companies that are now officially run by Zlochevskyi’s daughters, Anna and Karina. Both hold Cypriot passports.
One of the family’s main companies is Esko-Pivnich LLC. In October 2026 the company became the largest exporter of Ukrainian natural gas abroad, even surpassing the industry giant DTEK. The company currently holds seven valid oil and gas extraction licenses.
Analysis by ExPro Consulting
A further seven permits are owned by affiliated companies in Zlochevskyi’s business network – PARI LLC and PARI Naftogaz LLC. In 2025 the first-mentioned company reported a significant revenue increase of 63 percent. Most permits and licenses remain valid until 2031–2038.
PARI Naftogaz LLC was founded in 2021 and was initially registered to the Cypriot company Diloretio Holdings Ltd, considered Zlochevskyi’s main offshore company. Karina Zlochevskyi and Aleksander Kwaśniewski sit on that company’s board of directors.
Later the Cypriot companies Omniserve Ltd and Omnium Corporate & Trustee Services Limited became shareholders of PARI Naftogaz. Earlier, these companies were also founders of Ivena Limited, which is linked to the business interests of another Ukrainian oil and gas magnate, Zinoviy Kozytskyi.
Today PARI Naftogaz LLC is registered to the Cypriot company Semyhen Holdings Limited. Its name recalls the Semyhenivske gas field, for which the Zlochevskyi family holds an extraction license. The company’s beneficial owners are the former minister’s daughters.
Meanwhile, the Zlochevskyi family has begun relocating two more companies that also hold multiple licenses to extract Ukrainian subsoil resources to the United Arab Emirates. For reference: the former minister’s daughters own apartments in Dubai valued at up to 11 million US dollars. Antikor previously published exclusive video footage of the building on the artificial Palm Jumeirah island where the Zlochevskyi family leads a luxurious lifestyle.
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On 20 June 2024 Mig Capital Investments became a shareholder of O-Gaz, a company that had received 2023 two extraction permits. The investment company is registered in the Opus, one of the most famous buildings in Dubai’s business district. The building was designed by renowned architect Zaha Hadid.
The following day, United Arab Emirates citizen Mohamed Al Zeyoudi became part of O-Gaz’s corporate structure. A person with the same name has worked since January 2026 as Strategy Manager at ADNOC, the UAE’s leading oil and gas company. Previously he worked at the investment bank Moelis & Company.
However, Mohamed Al Zeyoudi is a common name in the UAE. Therefore it cannot be stated with one hundred percent certainty that this is the same person.
A month later Smartline Energy F.Z.E., a company based in a free trade zone in the neighboring emirate of Ajman, joined O-Gaz’s ownership structure.
In the summer of 2025 another UAE company, Emiravest Energy Group, became part of the Zlochevskyi family’s Ukrainian business. The company is led by Arkadii Zavora, a former employee of Zlochevskyi’s company Infox. The UAE-based firm specializes in sourcing investments for energy infrastructure, including renewable projects such as wind farms and solar plants.
The company’s official Dubai website contains only general information about its activities, without specific details. The “News” section includes only three posts, all published on the same day and most likely created with the help of artificial intelligence.
In 2026 the same actors – Mig Capital Investments, Emiravest Energy Group and UAE citizen Mohamed Al Zeyoudi – were also involved in managing another Zlochevskyi company: Storens LLC. Storens holds four special permits to use Ukraine’s subsoil resources.
Since 2011 Arkadii Zavora has been registered as a co-founder of Azov-Oil Company LLC, which today is registered at the address of Zlochevskyi’s main office in Kyiv. In 2011 the former minister began massively expanding his activities in the raw materials industry and acquiring extraction permits for deposits on a large scale.
In addition to oil and gas, the Zlochevskyi family actively invests in real estate. Previously reported acquisitions include an unfinished building near the Kyiv civil registry office, the former Arkada Bank building, and the Food Market at the Arsenalna metro station. Now additional assets linked to the family have surfaced.
Zlochevskyi’s daughters, together with the family foundation Rodolit, own Zlatograd-Invest LLC. The company was founded as early as 2012. At that time the former minister’s wife and father, Nataliia and Vladyslav Zlochevskyi, were registered as founders. The company’s main business activity is the construction of residential and non-residential buildings.
In 2013 the company acquired several plots in the village of Shpytky in the Kyiv region. The plots are located directly on the shore of a lake.
Today there is a completed residential complex on the site called Tereshchenski Lakes (Tereshchenski Ozera). It features a secured, fenced territory, direct access to the lake, private beaches, as well as luxury holiday homes and semi-detached houses.
Apparently all properties on the primary market have already been sold. However, responses from the sales department documented on social networks shed light on the original prices: the houses were offered for 95.000 US dollars.
A few weeks ago an online ad appeared for the sale of a house in the Tereshchenski Lakes complex. According to the description, it is half of a semi-detached house with an area of 106 square meters and unfinished renovation work. The asking price is 120.500 US dollars.
Zlatograd-Invest is listed as the project’s developer. Real estate portals, however, do not disclose who is behind the Tereshchenski Lakes complex.
In 2025 a new attraction was added within the complex: a standalone house on an island in one of the lakes in the village of Shpytky. It can be rented for private stays and offers guests an exclusive retreat. In addition to the house itself, there is a barbecue area and a large outdoor hot tub.
After the initial sale of the houses, some plots changed owners. According to register entries, however, Zlatograd-Invest LLC still owns 36 plots.
Near the village of Khotianivka, practically right on the dam of the Kyiv reservoir, is the Zlochevskyi family estate. Journalists have previously reported on the estate, which features two huge, mirror-image villas.
Since 2014 the land under the villas has been registered to Velyki Kliuchi LLC. The company was formerly run by the former minister’s father, Vladyslav Zlochevskyi.
Until the summer of 2023 the Cypriot company Proteas Trustee Services Ltd was a co-founder of Velyki Kliuchi LLC.
In 2024 the company was added to the sanctions list of the National Security and Defense Council of Ukraine (NSDC). The sanctions targeted companies supporting Russian arms production, as well as traitors and organizations connected to the Russian military-industrial complex.
There have also been 2023 changes at the Zlochevskyi family estate. Seven hectares of forest that separated the family’s plots from the dam were transferred to the state enterprise “Forests of Ukraine” (SE Lisy Ukrainy) for use. Previously the land belonged to the Kyiv regional administration.
Satellite images clearly show that a third house has been built on this land. Its architectural style strongly resembles the family’s two villas, although it is smaller.
In other words: on land that belongs to a state enterprise, an unidentified estate has appeared, even though such areas are supposed to be used exclusively for forestry purposes.
In early October this year it became known that Mykola Zlochevskyi put his yacht, currently named Rhino, up for sale. In fact the yacht was first listed for sale under its former name in 2020. At that time the sale did not go through.
Since then the yacht has been renamed twice: first from Karianna to Lady Michelle and later to Rhino. It has also been extensively refitted. The photos clearly show that the vessel’s original design was dominated by brown tones, while the interior today is dominated by lighter colors.
Left: interior of the Karianna; right: interior of the Rhino.
In August 2023 the High Anti-Corruption Court of Ukraine approved a plea agreement with Mykola Zlochevskyi in the case of attempted bribery of the leadership of the National Anti-Corruption Bureau of Ukraine (NABU) and the Specialized Anti-Corruption Prosecutor’s Office (SAPO). He was accused of attempting to pay a bribe of five million US dollars to secure the termination of a criminal case. As part of the agreement, Zlochevskyi donated nearly 800 million hryvnias to support the Ukrainian armed forces.
In the same year 2023, when he effectively avoided criminal prosecution by making a payment, Zlochevskyi closed the Burisma group, transferred extraction permits through several corporate restructurings to other companies, and became one of the most active players in the Ukrainian oil and gas market.
An oil and gas empire, extensive real estate purchases, the construction of a luxury residential complex, and possibly continuing political influence. All this points to the rise of a new oligarch — a man Mykola Zlochevskyi might never have become if the numerous criminal cases against him had been brought to court and concluded with convictions.
Apparently in Ukraine one can gain access to the country’s natural resources through dubious legal constructions, allegedly offer one of the largest bribes in the country’s history and still come away unpunished — while continuing to live luxuriously in Dubai and Larnaca and make huge profits in Ukraine.
Document: PDF proof of the original version of the news item "14 Millionen Euro aus Gasexporten und Immobilien im Millionenwert: Wie die Familie des ehemaligen Ministers Zlochevskyi lebt". It records the publication content at the moment of the first scan, the preservation date and the source: HAB Media.
