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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 belongs to former Environment Minister Mykola Zlochevskyi. According to analysts’ estimates, 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 at a time when he was a government member under former President Viktor Yanukovych, who later fled the country. The legality of the production 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.
This was reported by Antikor.
Zlochevskyi is known as the founder of the Burisma group of companies. The group’s board included, among others, Hunter Biden, the son of a former U.S. president, as well as former Polish President Aleksander Kwaśniewski. In 2023 the group was dissolved and its assets were 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 most important companies is Esko-Pivnich LLC. In October 2026 the company became the largest exporter of Ukrainian natural gas abroad, even surpassing industry giant DTEK. The company currently holds seven valid oil and gas production licenses.
Analysis by ExPro Consulting
Another seven permits are owned by affiliated companies from Zlochevskyi’s business network – PARI LLC and PARI Naftogaz LLC. In 2025 the first-named company reported a significant revenue increase of 63 percent. Most permits and licenses are still valid until 2031–2038.
PARI Naftogaz LLC was founded in 2021 and initially registered to the Cypriot company Diloretio Holdings Ltd, which is considered Zlochevskyi’s main offshore company. The board of directors of that company includes Karina Zlochevskyi and Aleksander Kwaśniewski.
Later the Cypriot companies Omniserve Ltd and Omnium Corporate & Trustee Services Limited became shareholders of PARI Naftogaz. At an earlier point these companies were also among the 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 a production license. The beneficial owners of the company are the former minister’s daughters.
Meanwhile, the Zlochevskyi family has begun moving two other companies, which also hold several licenses for exploiting Ukrainian subsoil resources, to the United Arab Emirates. As a reminder: the former minister’s daughters own apartments in Dubai worth 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 the company O-Gaz, which had received 2023 two production permits. The investment company is registered in the Opus, one of the most prominent buildings in Dubai’s business district. The building was designed by the renowned architect Zaha Hadid.
The following day a citizen of the United Arab Emirates, Mohamed Al Zeyoudi, became part of O-Gaz’s company structure. A person with the same name has worked since January 2026 as Strategy Manager at the UAE’s leading oil and gas company, ADNOC. Previously he worked at the investment bank Moelis & Company.
However, Mohamed Al Zeyoudi is a common name in the United Arab Emirates. Therefore it cannot be said 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 company specializes in sourcing investments for energy infrastructure, including renewable energy projects such as wind farms and solar parks.
The company’s official Dubai website contains only general information about its business activities, without specific details. The “News” section contains only three posts, all published on the same day and most likely generated with the help of artificial intelligence.
In 2026 the same actors – Mig Capital Investments, Emiravest Energy Group and the UAE citizen Mohamed Al Zeyoudi – were also involved in the management of another Zlochevskyi company: Storens LLC. Storens holds four special permits for the use of Ukrainian subsoil resources.
Since 2011 Arkadii Zavora has been listed as 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 extractive industry and acquiring production permits for deposits on a large scale.
In addition to oil and gas, the Zlochevskyi family actively invests in the real estate market. Previously reported acquisitions include an unfinished building near Kyiv’s civil registry office, the former Arkada Bank building and the Food Market at the Arsenalna metro station. Now additional assets connected 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 listed as founders. The company’s main business activity is the construction of residential and non-residential buildings.
In 2013 the company acquired several plots of land in the village of Shpytky in the Kyiv region. The plots are located directly on the shore of a lake.
Today a completed residential complex called Tereshchenski Lakes (Tereshchenski Ozera) stands on that site. It features a secured, fenced territory, direct access to the lake, private beaches and luxurious 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 listing appeared for the sale of a house in the Tereshchenski Lakes complex. According to the description it is a 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 named as the project’s developer. Real estate portals, however, do not disclose who is behind the Tereshchenski Lakes complex.
In 2025 a new attraction appeared within the complex: a freestanding house on an island in the middle of 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 original sale of the houses some plots changed ownership. According to the registry entries, Zlatograd-Invest LLC still owns 36 plots.
Near the village of Khotianivka, practically directly on the dam of the Kyiv reservoir, is the Zlochevskyi family estate. Journalists have previously reported on the estate, which includes two huge mirror-image villas.
Since 2014 the land under the villas has been registered to Velyki Kliuchi LLC. The company was previously managed 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 that support Russian arms production, as well as traitors and organizations with ties to the Russian military-industrial complex.
There were also 2023 changes on 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 that of the family’s two villas, although it is smaller.
In other words: on land that belongs to a state enterprise an unidentified estate has been built, even though such areas are supposed to be used exclusively for forestry purposes.
At the beginning of 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 back in 2020 under its then name. 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 was also extensively refitted. The photos clearly show that the vessel’s original design featured mostly brown tones, whereas 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 an attempted bribe 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 five million US dollar bribe to secure the termination of a criminal case. Under the agreement Zlochevskyi donated almost 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 production 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 still-existing political influence. All this points to the emergence of a new oligarch—a man Mykola Zlochevskyi perhaps never would have become if the numerous criminal cases against him had been brought to court and resulted in convictions.
Apparently in Ukraine one can gain access to the country’s natural resources through dubious legal constructions, offer allegedly one of the largest bribes in the country’s history and still come out unscathed—while continuing to live luxuriously in Dubai and Larnaca and earn enormous profits in Ukraine.
Document: PDF proof of the original version of the news item "14 Millionen Euro aus dem Gasexport sowie Immobilien im Wert von mehreren Millionen: So lebt die Familie des ehemaligen Ministers Zlochevskyi". It records the publication content at the moment of the first scan, the preservation date and the source: Rozsliduvach.
