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The April 28 dismissal of Naftogaz CEO Andriy Kobolyev has sparked concerns over the future of corporate governance reforms at Ukaine's state-owned enterprises. (REUTERS/Valentyn Ogirenko) As Ukrainians prepared to enter an extended Orthodox Easter and May Day holiday period, the cabinet of ministers on April 28 announced the dismissal of Naftogaz CEO Andriy Kobolyev and the company’s entire supervisory board. The move came as a shock to many, with European officials commenting that it would set a dangerous precedent for other Ukrainian state-owned enterprises (SOEs). Prior to his dismissal...

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Aryfahmed/Adobe Stock With plastics’ future tied to the chemicals industry, what are the ongoing drivers and challenges that affect both? As the world moves along the path to a zero-carbon future, the chemical industry, along with all other industrial sectors, is under heightened pressure to hasten its transition. For the sector sustainability is not a new challenge; for decades companies have worked under increasingly stringent regulations. The spotlight is now shining brightly on chemical companies and their impact on climate change, global food supply shortages ...

Ukraine can play key role in Europe’s energy Green Deal UkraineAlert by Aura Sabadus The International Renewable Energy Agency (IRENA), World Bank, and EU have all argued that Ukraine could become a world leader in renewable production. (Patrick Batard/ABACAPRESS.COM via REUTERS) Ukrainian oil and gas giant Naftogaz has unveiled its strategy to 2025, identifying the need to achieve carbon neutrality as one of its three long-term objectives. This vision, and in particular the company’s declared interest in pursuing projects aligned with the EU’s green ta...

Uzma Bhd's share price climbed to an 11-month high of 76.5 sen this morning following news that the upstream support service provider has been granted two licences by the Energy Commission (EC) to import liquefied natural gas (LNG) into the country.