The headquarters of state-owned oil and gas company Naftogaz. While the company has refused to discuss its 2020 financials so far, Ukrainska Pravda is reporting that the state giant lost more than $1 billion.

Ukraine’s state-owned gas giant Naftogaz lost $1.3 billion (Hr 37 billion) in 2020, according to a financial report published by Ukrainian outlet Ukrainska Pravda on April 9. It’s a massive tumble in fortunes compared to $355 million net profit (Hr 9.9 billion) in 2019. 

However, Andriy Kobolyev, the CEO of Naftogaz, refused to comment on what he called an “incorrect” report. “We do not have the right to comment on the company’s financial indicators until the official publication of the report,” he wrote on Facebook on April 10. Kobloyev added the company would publish it soon, without specifying the date. 

Source: www.kyivpost.com

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