KYIV, Nov 6 – Naftogaz Ukrayiny, which controls 50% stake in the country’s largest oil producer Ukrnafta, called for splitting the oil company’s assets to end shareholder disputes and open door for Naftogaz’s eventual initial public offering (IPO).

The disputes over management of Ukrnafta between Naftogaz and Ihor Kolomoyskiy, a wealthy businessman who owns more than 42% of the oil company, have plagued the sector for more than 10 years. Ukrnafta was run by managers loyal to Kolomoyskiy, while Naftogaz has not been able to install loyal managers.