Ministry of Finance Adopted State Ownership Policy for Ukrenergo
The Ministry of Finance of Ukraine adopted the State Ownership Policy for TSO NEC Ukrenergo, the document defines objectives and priorities of the state as a shareholder and results expected from TSO’s activity, a Member of the Management Board Mr. Maxym Yurkov informed about it on his Facebook-page on June, 19.
“The Ministry of Finance adopted the State Ownership Policy for NEC Ukrenergo… The State Ownership Policy defines main goals and priorities of a shareholder (the state) possessing the company and principle of governance, and very precise expected results of company’s activity”, he noted.
According to Mr. Yurkov, the approval of the State Ownership Policy will improve the cooperation between Ukrenergo and the shareholder and allow the latter to assess TSO’s activity objectively.
Mr. Yurkov added the document meets the best world’s practices, in particular, OECD Guidelines of Corporate Governance of State-Owned Enterprises.
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ODESA OFFSHORE CONFERENCE-2019
Ukraine has every chance to resume the work of the most promising oil and gas region, the Southern oil&gas fields. The untapped deposits of oil and gas are located both onshore and subsea. Four companies have already poised to conclude Production Sharing Agreements with Ukraine, whilst bidding for the Dolphin oil&gas fields on Black Sea shelf. The Odesa Offshore Conference (OOC2019) will serve as a venue for Ukrainian and international bidders to meet with local and international drilling, oilfield service and equipment manufacturers to kick-off emerging subsea and onshore projects in Ukraine.
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