Ukrnafta, a state-owned oil and gas extraction company that is a subsidiary of Naftogaz, has bought a 51% stake in Shell's gas station network in Ukraine, the press service of Naftogaz reported on Nov. 19.
Arvid Tuerkner’s first winter in charge of the European Bank for Reconstruction and Development in Ukraine comes with a daunting task: swiftly mobilize investment into energy companies crippled by two years of Russian attacks. Russia began targeting Ukraine’s energy infrastructure in late 2022 and has since then pounded
No deal is currently on the table between Europe and Azerbaijan to keep gas flowing through Ukraine once a transit deal with Russia expires at the end of the year, despite reports a contract was nearing, CEO of Ukrainian state-owned oil and gas giant Naftogaz said.
According to EXPRO’s calculations, gross natural gas production rose by 2.3% in October 2024 compared to the same month last year, reaching 1.663 billion cubic meters, the highest level since January 2022.
The following is the Oct. 30, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Companies in Ukraine that were expecting to be able to “reserve” their employees to shield them from military
According to a ruling in 2023 by the Permanent Arbitration Court based in The Hague, Russia is obliged to pay $5 billion to Naftogaz Group as compensation for assets illegally seized during the Russian occupation of Crimea in 2014.
Editor’s Note: This is issue 149 of Ukrainian State-Owned Enterprises Weekly, covering events from Sept. 22-28, 2024. The Kyiv Independent is reposting it with permission. Energy sector Naftogaz Group made Hr 24.4 billion in consolidated net profit in the first six months of 2024, the group reported on
Editor’s Note: This is issue 148 of Ukrainian State-Owned Enterprises Weekly, covering events from September 15-21, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs UDI looking for a new CEO. On Sept. 19, Ukrainian Defense Industry (UDI) said that its supervisory board had launched
The following is the Sept. 10, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. French billionaire Xavier Niel’s investment company NJJ Capital on Sept. 9 closed a deal to merge two
Editor’s Note: This is issue 144 of Ukrainian State-Owned Enterprises Weekly, covering events from Aug. 17-24, 2024. The Kyiv Independent is reposting it with permission. Energy sector Cabinet leaves current gas tariffs for heat producers and households unchanged. On Aug. 23, the Cabinet of Ministers extended the public service
Editor’s Note: This is issue 143 of Ukrainian State-Owned Enterprises Weekly, covering events from July 29 – Aug. 16, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Ukrnafta completes the composition of the supervisory board. On Aug. 7, Ukrnafta reported that Kateryna Kuznetsova joined the
Companies of Ukraine's state-owned Naftogaz Group produced 8.6 billion cubic meters (bcm) of commercial gas in the first seven months of 2024, representing a 7% increase compared to the same period last year, the company's press service said on Aug. 6.
Editor’s Note: This is issue 142 of Ukrainian State-Owned Enterprises Weekly, covering events from July 21-27, 2024. The Kyiv Independent is reposting it with permission. Energy sector Ukraine increases natural gas reserves in underground storage to 10 billion cubic meters, Naftogaz Group reported on July 22. Over 2.5
"The commissioning of the new well increased the daily production of natural gas at the deposit by 17%," Naftogaz Group CEO Oleksii Chernyshov said.
Editor’s Note: This is issue 141 of Ukrainian State-Owned Enterprises Weekly, covering events from July 14-20, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs PrivatBank appoints a new CFO. On July 15, PrivatBank reported that Larysa Chernyshova will serve in this role starting Sept.
The following is the July 23, 2024 edition of our Ukraine Business Roundup weekly newsletter. This version is condensed as the author was out of the office. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Decentralizing a power grid is a
Naftogaz, Ukraine's state-owned oil and gas company, has accumulated 10 billion cubic meters (bcm) of gas reserves for the upcoming winter period, the company said on July 22.
A key goal of the investment is to help create strategic natural gas reserves at Naftogaz, Ukraine's state-owned energy company.
In the first half of 2024, Ukraine's largest gas producer, Ukrgasvydobuvannya, pumped 8.8% more gas than in the same period last year, the company announced on July 16.
The following is the July 4, 2024 edition of our Ukraine Business Roundup weekly newsletter. This version is condensed as the author was out of the office. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. EU accession talks begin Ukraine and
Editor’s Note: This is issue 138 of Ukrainian State-Owned Enterprises Weekly, covering events from June 24-29, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Updated IMF Memorandum. On June 28, the International Monetary Fund (IMF) published an updated Memorandum of Economic and Financial Policies
Editor’s Note: This is issue 136 of Ukrainian State-Owned Enterprises Weekly, covering events from June 09-16, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs HACC extends pre-trial restrictions for Kobolyev. On June 11, the High Anti-Corruption Court (HACC) granted the SpecialiZed Anti-Corruption Prosecutor’s
Editor’s Note: This is issue 135 of Ukrainian State-Owned Enterprises Weekly, covering events from June 2-8, 2024. The Kyiv Independent is reposting it with permission. The Cabinet approved the Reforms Matrix based on international partners’ recommendations on June 4. According to Prime Minister Denys Shmyhal, more than 200 reforms
Editor’s Note: This is issue 133 of Ukrainian State-Owned Enterprises Weekly, covering events from May 19-24, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Ukreximbank appoints three new top executives. On May 23, Ukreximbank reported that its supervisory board had elected Pavel Haskovec, Maksym
Editor’s Note: This is issue 132 of Ukrainian State-Owned Enterprises Weekly, covering events from May 11-18, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Parliament reverses SOE corporate governance law to have Ukrnafta pay dividends directly to the state budget, SOE Weekly’s team
Editor’s Note: This is issue 131 of Ukrainian State-Owned Enterprises Weekly, covering events from May 4-10, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Cabinet appoints new acting CEO for Ukrspyrt. On May 3, Stanislav Banchuk was appointed to the position. On May 6,
Editor’s Note: This is issue 130 of Ukrainian State-Owned Enterprises Weekly, covering events from April 27 – May 3, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Ukreximbank appoints a new CEO. On May 3, Ukreximbank reported that its supervisory board had elected Viktor Ponomarenko
Editor’s Note: This is issue 129 of Ukrainian State-Owned Enterprises Weekly, covering events from April 20-26, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Economy Ministry announces a competitive selection to find an independent member for Ukrenergo’s supervisory board. On April 23, the
The CEO of Ukraine's national energy company has urged EU nations to assist in safeguarding its natural gas storage facilities against recent Russian attacks so they can keep contributing to lower prices across the continent.
The Naftogaz Group did not specify in what oblasts the targeted gas facilities were located, nor what the full consequences of the attack were.
Editor’s Note: This is issue 128 of Ukrainian State-Owned Enterprises Weekly, covering events from April 13-19, 2024. The Kyiv Independent is reposting it with permission. Banks Oschadbank earns a record Hr 6 billion profit in 2023 (audited). On April 19, Oschadbank reported that its executive and supervisory boards approved
The following is the April 16, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Russia’s large-scale attacks against Ukraine’s energy system late last week have stoked fears of renewed country-wide
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