Energy giant Naftogaz is the corporate governance poster child among Ukraine’s many state-owned enterprises. Since 2014, it has transitioned from fraud-riddled drain on government finances to a profitable business model complete with good governance. Along the way, Naftogaz also extricated itself from the Russian and Ukrainian oligarchs who used it to enrich themselves, and signed an important gas transit contract with Gazprom after winning billions of dollars in court from the Russian company.
Ukraine's Energy Challenge
OP-ED
Diane Francis: Naftogaz reforms in danger
A Naftogaz employee turns a valve at on UGV pipe infrastructure at Shebelynske gas field in Kharkivska oblast on June 25, 2020.
