This was discussed at a meeting between the First Deputy Prime Minister and Minister of Economy of Ukraine, Yuliia Svyrydenko, and the leadership and members of the Naftogaz Supervisory Board on September 11 in Kyiv.
First Deputy Prime Minister Yuliia Svyrydenko highlighted the progress of the company’s corporate reform.
Naftogaz became the first state-owned company to begin implementing best corporate governance practices based on OECD standards. The path of reforms was not easy, but today we see the results. The Supervisory Board, selected through a transparent competition, is working effectively, and the company is showing growth, particularly in gas production. From January to July, 8.6 billion cubic meters were produced, which is 7% more than in the previous year. This proves that we have chosen the right course and must continue working on the reform’s implementation,” Yuliia Svyrydenko said.
Anthony Marino, Chair of the Supervisory Board of Naftogaz, noted that the progress achieved through corporate governance reform is the result of quality dialogue, commitment, and execution by the management and Supervisory Board.
We are united by the goal of achieving Ukraine’s strategic objective—energy independence. We are making progress in this direction despite the wartime conditions,” said Anthony Marino.
According to Oleksiy Chernyshov, the effective collaboration between Naftogaz’s management and the Supervisory Board over the past year has enabled the company to meet its business goals.
We restructured eurobond debts, made all mandatory payments on schedule, and transformed from a defaulting company into a profitable one. Additionally, we remain one of the largest taxpayers in Ukraine. Moreover, despite the war, we have significantly increased gas production for the second consecutive year,” emphasized Oleksiy Chernyshov.
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