Ukrgazvydobuvannia plans to boost production. The company has begun to use new technology for Ukraine’s basin analysis and modeling of hydrocarbon systems for prospecting and exploration of hydrocarbons. The company’s communications department sa... #HydroCarbonProduction #Naftogaz #Ukrgazvydobuvannya
Seeking to attract foreign investment in the gas sector, Naftogaz will host the Ukraine Gas Investment Congress in Kyiv Oct. 20 to 22. “With the second largest gas reserves on the continent, Ukraine has the single largest growth opportunity in natural gas production in the EU,” says Naftogaz CEO Yuriy Vitrenko. Ukraine has set a targ... #Naftogaz #NaftogazInvestments #YuriyVitrenko
Turkish President Recep Tayyip Erdoğan announced Friday the discovery of 135 bcm of natural gas at its Amasra-1 offshore well , increasing the known size of its Sakarya gas field by one third, to 540 bcm. Turkey consumes about 50 bcm a year. Ukraine consumes about 30 bcm. This summer, Ukraine’s Naftogaz plans to start seismi... #Naftogaz #RecepTayyipErdoğan #TurkishNaturalGas
Yuriy Vitrenko has signed a one-year contract to work as Chairman of Naftogaz, announced Andriy Yermak, the chief of President Zelenskiy’s staff, at a meeting of Ambassadors of the G7 countries, Sweden and the European Union. With the Supervisory Board planning to quit today, th... #Naftogaz #NaftogazChairman #YuriyVitrenko
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
