Kremenchuk is a non-negligible Ukrainian industrial city. It is home to the Ukrtatnafta oil refinery, the largest in Ukraine, and the only one active in the country for a while. However, the refinery was out of operation since the Russian invasion in 2022. Additionally, Kremenchuk hosts a large industrial company which manufactures locomotives, as well as a major hydroelectric power plant. However, the latter was hit by a Russian strike in October 2022. In 2005, Kremenchuk contributed to 7% of the national economy.