Wednesday, 1 June 2016

Cometh the hour, Cometh the man...!!

The man is Andriy Kobolev, the new CEO of Naftagaz. Kobolev, only 36, is one of the youngest CEO with the toughest job at hand and he is already making his critics run for their money.
Kobolev, the successor to pro- Russian Yehven Bakulin, who was framed in corruption charges, has the job of supplying gas to 45 million Ukrainians when the company is over shadowed with corruption charges, the counterpart Russian Gazprom has indicated to cut off the gas supply if their debts are not cleared, the economy of the country is down.
At this juncture, Kobolev has to produce, import and distribute natural gas to Ukrainians at a discounted price. The difference though will be paid by the kiev but the economy of the country also depends on Naftogaz performance.
Now in this tough situation, kobolev has a vision to transform Naftogaz to a profitable venture. He already has managed to loan 18 million$ from IMF. Moreover, he plans to increase gas price up to 50%, increase transparency in Naftogaz processes, privatize Naftogaz by launching an IPO, also he plans to transfer the subsidies directly in accounts of the Ukrainians so as to save the wastage of gas and last but not the least has to convince the counterpart Gazprom to supply gas to kiev in winters.
The man seems confident of flaring with distinction in fulfilling his goals but we would need to wait and watch as to how far Kobolev would be able to transform his conviction to reality.

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