Escalating the war between new Naftogaz CEO Yuriy Vitrenko and the company’s management, Vitrenko charges that a reported net profit of nearly half a billion dollars for the first quarter was in reality a loss of up to $4 billion. On May 5, Peter van Driel, Naftogaz CFO posted on Facebook... #NaftogazCEOVitrenko #NaftogazFinances #NaftogazLosses
Vitrenko blamed “the desire of management to talk about profits and show a supposedly good result in order to get a bonus as soon as possible, and postpone the reflection of losses until later.” He also says Naftogaz’ failed production program of the last three years has forced the oil and gas company to pay $2 billion to buy gas this summer... #NaftogazCEOVitrenko #NaftogazLosses #NaftogazUkraine
