The board ex-head stressed that on the date of his dismissal, the company had more than $2 billion of free funds on its account, and 7 billion cubic meters of natural gas owned by Naftogaz in underground storage facilities. “Thus, with the financial plan, which, unfortunately, was not approved for us for this year, we were going to ensure the safety of the next winter, ensure all investments in production and trans... #Kobolev #NaftogazCEO #NaftogazFinancials #NaftogazFunds
The company had a very difficult conversation with the Ministry of Finance, “which accused us that we are hiding some money and are not showing something,” according to Kobolev. “As a leader who thinks about winter and other big challenges, such as hindering the completion of the construction of Nord Stream 2, I understood the need to plan our activities in order to ensure that Naftogaz is financially balanced. What is security for next winter? It’s enough money. Out of $2 billion, we are UAH 32 billion, th... #CEOofNaftogaz #Kobolev #Naftogaz
The legal maneuver used to fire the CEO of Naftogaz raises doubts about Ukraine’s commitment to shield state companies from interference by politicians. That was the fear expressed yesterday by a host of Ukraine-watchers: the State Department spokesman i Washington, the G7 Ambassadors in Kyiv, the speaker of the Rada, and the American Chamber of Comme... #CEOofNaftogaz #Kobolev #Vitrenko
“I do not think that the decision of the Cabinet of Ministers was legitimate,” Kobolyev told Interfax Ukraine. “I believe that this decision puts an end to corporate reform. It is important not only for Naftogaz or for me personally, it is important for the entire corporate governance system that has been buil... #Kobolev #NaftogazCEO
Naftogaz veered from a $93 million profit in 2019 to a $685 million loss in 2020 , the state oil and gas company reported. Naftogaz CEO Andriy Kobolev said the company turned a net profit during the first quarter of this year. “The company bottomed out and started generating profi... #Kobolev #Naftogaz #NaftogazUkraine #StateGasCompany
