Ukraine's new Naftogaz chief promises to work with international partners

The sacking of the previous Naftogaz head had prompted a warning from Ukraine's Western backers who said integrity and transparency in making such appointments was key to maintaining confidence in the country's commitment to reform. Vitrenko, a senior Naftogaz official in previous years, said the company needed to return to profit after it reported a loss of $684 million in 2020.

Ukraine's state-run energy firm Naftogaz will continue to cooperate with international partners, new Chief Executive Yuriy Vitrenko said on Friday. The sacking of the previous Naftogaz head had prompted a warning from Ukraine's Western backers who said integrity and transparency in making such appointments was key to maintaining confidence in the country's commitment to reform.

Vitrenko, a senior Naftogaz official in previous years, said the company needed to return to profit after it reported a loss of $684 million in 2020. The loss was the official reason given for the dismissal of the former CEO.

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