Ukraine's Government extends contract with Naftogaz CEO Kobolev till 2020

Source : 112 Ukraine

It was also reported that failure to comply with the main indicators is a reason for early termination of his mandate.
14:56, 21 March 2019

Andry Kobolev, the Head of Naftogaz-Ukraine

The Cabinet of Ministers of Ukraine has prolonged the contract with Andriy Kobolev, the Chairman of Naftogaz, till March 22, 2020. The relevant decision of the Government was published on its official website.

“To extend the mandate of the Chairman of the Board of Naftogaz-Ukraine Andriy Kobolev from March 23, 2019, to March 22, 2020,” the statement says.

The document has three core indicators which Naftogaz has to reach over the period of the new contract.

Related: Ukraine has to store three billion m3 of gas to secure itself from Russia, - Naftogaz Head

In particular, Naftogaz gas to produce no less than 18,2 billion cubic meters of gas till January 1, 2020; guarantee gas transit through Ukraine to EU member states; provide separation of gas transportation system of Ukraine from Naftogaz as an independent company; provide a draft of a financial plan for 2019.

The representatives of the Government stress that failure to comply with the main indicators is a reason for the early termination of his mandate.  

Related: Ukraine's Government to prolong contract with Naftogaz Board for one year

As it was reported, Naftogaz prolongs a two-million contract with Kobolyev.

Earlier, Naftogaz CEO Andriy Kobolev said that the Government could not reduce gas prices for Ukrainians despite all the campaign promises as its market price is one of the conditions of Ukraine’s cooperation with the International Monetary Fund. 

Kobolev explained that despite the promises of the presidential candidates, they cannot lower gas prices, the President does not have such power. It will not happen even after the parliamentary elections, according to Naftogaz CEO.

Related: Ukrainian PM: We did not get money from Naftogaz victory

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