Ukraine’s Naftogaz meets new head with debts and losses

Ukraine’s Cabinet of Ministers appointed Andriy Kobolev as head of Naftogaz, the national oil and gas monopoly, during an overnight March 25 meeting.

“It is not the best candidate for this position, but not the worst either,” says Volodymyr Omelchenko, leading energy analyst for Razumkov Center.

A lot will depend on who will take other senior managing positions at Naftogaz, adds Yuriy Korolchuk, Institute of Energy Strategies’ expert.

Previous Naftogaz chief executive officer Evgen Bakulin was arrested on March 21 after the Interior Ministry launched investigation of the criminal schemes within Ukrainian gas industry.

For the full story, please visit The Kyiv Post.