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Kyiv undoes seven years of work May 14, 2021 8:15:am Summary by: Wiliam Powell Kyiv may have done long-term damage to its fortunes by its April 28 sacking of Andriy Kobolev, the CEO of Naftogaz Ukrainy and the dismissal of the supervisory board. From an investment and financial perspective, the country s position is now weaker than before, and gas supply security could also be at risk, sources told NGW May 13. This jeopardises the seven years of trying to reform Ukraine s economy on Western lines. Kobolev s replacement with Yuri Vitrenko, until that point the acting energy minister, was ostensibly a consequence of a loss-making year, which the company had attributed to market distortions that allowe. ....
By Published May 5. Updated May 5 at 4:21 pm The headquarters of state-owned oil and gas company Naftogaz. Naftogaz executive board members threatened to resign if the government doesn’t find an agreement with the company’s supervisory board before their resignation takes effect on May 14. Popular on social media Naftogaz executive board members threatened to resign if the government doesn’t find an agreement with the company’s supervisory board before their resignation takes effect on May 14. Otto Waterlander, the company’s chief operating officer; Petrus van Driel, the group’s chief financial officer; Yaroslav Teklyuk, the director of legal affairs; and Sergiy Pereloma, first deputy chairman, joined forces with the supervisory board against the Cabinet of Ministers. ....
Naftogaz board urges Cabinet to resolve situation with resigned supervisory board 1 min read Executive board members of NJSC Naftogaz Ukrainy called on the Cabinet of Ministers of Ukraine to resolve the situation with respect to the company s Supervisory Board, which had resigned. On their Facebook pages, Serhiy Pereloma, Peter van Driel, Otto Waterlander and Yaroslav Tekliuk said that for a complex and important company like Naftogaz, the presence of a well-functioning and credible Supervisory Board and proper Corporate Governance is critical. The resignation of all Supervisory Board members becomes effective by May 14. Without a resolution by that date, it becomes impossible for Executive Board members to continue their duties, the officials said in their statement. ....
Ukraine s Internal Threat On Blinken s Plate After Naftogaz CEO Fired May 04, 2021 15:17 GMT Share share Print When U.S. Secretary of State Antony Blinken visits Kyiv this week and meets with President Volodymyr Zelenskiy, he will seek to demonstrate strong Western support for Ukraine from the external threat of Russian aggression. Behind the scenes, however, there could be tension between the two over what Blinken often calls Ukraine’s “internal threat”: corruption and weak institutions. One week before Blinken’s expected arrival on May 5, Zelenskiy’s government did exactly the kind of thing that has raised questions in the West about Kyiv’s dedication to reforms, which observers and officials say are needed to make the system strong enough to withstand persistent pressure from Moscow. ....
16 March 2021 15:32 GMT Updated 16 March 2021 15:32 GMT in Moscow Naftohaz Ukrainy has teamed up with Naphtha Israel Petroleum as the Ukrainian state gas importer and distributor builds up partnerships with international investors to explore and possibly develop offshore acreage in the Black Sea. As well as signing a memorandum of understanding, the pair are open to bringing in a minority partner. ENERGY EXPLORED: SUBSCRIBE TO ACCELERATE Gain valuable insight into the global oil and gas industry s energy transition from ACCELERATE, the free weekly newsletter from Upstream and Recharge. Recently appointed Naftohaz chief operating officer Otto Waterlander said that a potential new partnership will strengthen our ambitions in this region”, with Naphtha Israel Petroleum already having offshore experience through its indirect involvement in the Tamar gas project in Israel s Mediterranean waters. ....