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
Editor’s Note: This is issue 127 of Ukrainian State-Owned Enterprises Weekly, covering events from April 6-12, 2024. The Kyiv Independent is reposting it with permission. Banks EBRD extends 200-million-euro lending guarantee to Oschadbank. On April 10, the European Bank for Reconstruction and Development (EBRD) extended a 50-million-euro ($53 million)
Russia's large-scale attack against Ukraine early on April 11 targeted two of Ukraine's underground storage facilities (UGS), Ukraine's state-owned oil and gas company Naftogaz said.
The following is the April 2, 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. In March, Ukraine received the largest budget financing from its allies since the beginning of Russia's full-scale invasion
Editor’s Note: This is issue 125 of Ukrainian State-Owned Enterprises Weekly, covering events from March 23-29, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs High Anti-Corruption Court arrests a suspect in absentia in a Ukrzaliznytsia case, the Specialized Anti-Corruption Prosecutor’s Office (SAPO) reported
Despite Russia’s incessant attacks on Ukraine’s energy system throughout its now more than two-year-old invasion, the country’s oil and gas giant Naftogaz just celebrated its first heating system without any gas imports. It is the “greatest moment in Ukraine’s energy history,” Naftogaz CEO Oleksiy Chernyshov told
Editor’s Note: This is issue 124 of Ukrainian State-Owned Enterprises Weekly, covering events from March 16-22, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Corporate governance, privatization, and state-owned banks’ non-performing loans prioritized in the government’s Ukraine Facility reform plan for 2024-2027. On
The facility, operated by Naftogaz’s subsidiary Ukrtransgaz, will require repairs to its surface infrastructure, but the attack did not impede its operations due to the gas being stored deep underground, Naftogaz CEO Oleksiy Chernyshov noted.
A number of energy facilities in western Ukraine had suffered damage during Russia's major overnight strike targeting critical infrastructure, state oil and gas monopoly's CEO Oleksiy Chernyshov said on March 24.
Editor’s Note: This is issue 123 of Ukrainian State-Owned Enterprises Weekly, covering events from March 9-15, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Ukreximbank looks for a new CEO. The competitive selection was announced on March 11. The submission deadline is April 1.
Editor’s Note: This is issue 122 of Ukrainian State-Owned Enterprises Weekly, covering events from March 2-8, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs The long-awaited law on the corporate governance of SOEs comes into effect. On March 5, President Zelensky signed the law
Editor’s Note: This is issue 121 of Ukrainian State-Owned Enterprises Weekly, covering events from Feb. 24 – March 1, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Former Ukrzaliznytsia CEO charged with embezzling Hr 11 million. On Feb. 26, the National Anti-Corruption Bureau of Ukraine
Ukraine's state-owned oil and gas giant Naftogaz aims to produce 15 billion cubic meters of natural gas in 2024, Prime Minister Denys Shmyhal said at the meeting of the Cabinet of Ministers on March 1.
Ukraine got through the winter using domestic gas production only for the first time in history, Naftogaz’s CEO Oleksiy Chernyshov wrote on his Facebook on March 1.
Editor’s Note: This is issue 120 of Ukrainian State-Owned Enterprises Weekly, covering events from Feb. 17-Feb. 23, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs The Verkhovna Rada adopts the long-awaited law on the corporate governance of SOEs. On Feb. 22, the Verkhovna Rada
Editor’s Note: This is issue 119 of Ukrainian State-Owned Enterprises Weekly, covering events from Feb. 10-Feb. 16, 2024. The Kyiv Independent is reposting it with permission. Ukrainian SOE Weekly is an independent weekly digest based on a compilation of the most important news related to state-owned enterprises (SOEs) and
Foreign traders are storing 2.4 billion cubic meters (bcm) of gas in Ukraine’s underground gas storage facilities (UGS), Ukraine’s Energy Ministry said on Oct. 16.
Yuriy Vitrenko's desk, buried in paperwork, leaves little room for doubt – the winter of 2022 will be hard for Ukraine. Naftogaz, Ukraine's energy monopoly, will face an uphill battle to provide enough gas for this year's heating season, CEO Vitrenko told the Kyiv Independent. He said that this will be
Ukraine's state-owned gas company Naftogaz has appealed to the European Commission to take action against its Russian counterpart Gazprom’s alleged monopoly on the European gas market, highlighting the company’s manipulation of natural gas supply during the current European energy crisis. In a press release published on the Naftogaz
The Russian state-owned gas export monopoly did not purchase any additional transit capacity through Ukraine for December on top of its contractually agreed minimum volume. The decision caused European gas futures to spike by over 5%. Gazprom is contractually obliged to pay Ukraine for the transit of 109 million cubic
