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Naftogaz reorganization will take 17 months, says Naftogaz CEO
Journal Staff Report

KIEV, Nov. 26 - The reorganization of Naftogaz Ukrayiny in line with market requirements will be finished by April 2017, company CEO Andriy Kobolev said in an interview on Radio Svoboda.

"There is a plan [to reform Naftogaz]. It has been sent to the Cabinet of Ministers and partially approved, for instance, in part of the corporate reform of Naftogaz as a parent company. Part of this plan is also the so called "unbundling plan": the Ukrainian gas transportation system will be a separate company, on which Naftogaz will have no impact. We are also preparing a plan on reorganizing other companies belonging to the group of Naftogaz by April 2017 to achieve the target structure that meets the requirements of the market," he said.




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