Former Naftogaz Chief Andriy Kobolev denies accusations of allegedly creating a hole in the 2021 state budget estimated at UAH 10 billion . “We understand that they were counting on our money – for 10 billion UAH. Our plan was to replace dividends with one or another payment (the technology can be discussed – from gove... #Naftogaz #NaftogazCEO #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
Concorde Capital’s Alexander Paraschiy wrote: “Vitrenko could be at least as efficient at the position of Naftogaz CEO as Kobolyev was, so there is no risk to Naftogaz operations with the top management replacement.” #Naftogaz #UkraineGasCompany
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
Naftogaz blamed the 2020 loss on several factors: writing off $830 million in long overdue debts with private gas distributors; the 2019 ‘unbundling’ that shifted revenues from Russian gas transit outside the Naftogaz group; and “record low prices” o... #Naftogaz #Naturalgas #NaturalgasUkraine
