U.S. concerned about consequences of changes to Naftogaz's Charter

15:40, 22 March 2019
Economy
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"We are closely reviewing the unexpected changes to Naftogaz Ukraine's charter and are concerned about the potential consequences of these changes," the Embassy of the United States of America in Ukraine wrote on Twitter on March 22, 2019.

As UNIAN reported earlier, on March 20, the Cabinet of Ministers announced it had amended the Charter of NJSC Naftogaz of Ukraine regarding the procedure for appointing the head and members of the company's board (the decree of March 6).

Read alsoUkraine gov't to extend contract with Naftogaz CEO Kobolyev for another year

According to the amendments to the Charter, the head and members of the board will now be elected without the submission of the supervisory board.

UNIAN memo. NJSC Naftogaz of Ukraine is the largest state-run vertically integrated oil and gas holding whose subsidiaries account for about 90% of oil and gas production in Ukraine. Naftogaz develops oil and gas fields, produces crude oil and natural gas. Its core business is also transportation and trade in fuel through its own network of filling stations.

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