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Naftogaz People
Naftogaz of Ukraine (, ''Naftogaz Ukrainy''; literally "Naphtha-Gas of Ukraine") is the largest national oil and gas company of Ukraine. It is a state-owned companyUkraine sets gas offer but wants no middleman
(7-1-2009)
subordinated to the . The vertical-integrated company carries out a complete cycle of exploration operations and development of deposi ...
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Joint Stock Company
A joint-stock company (JSC) is a business entity in which shares of the company's capital stock, stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their share (finance), shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the Perpetual succession, continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (business), incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited company, limited companies. Some jurisdiction (area), jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the Unite ...
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Naphtha
Naphtha (, recorded as less common or nonstandard in all dictionaries: ) is a flammable liquid hydrocarbon mixture. Generally, it is a fraction of crude oil, but it can also be produced from natural-gas condensates, petroleum distillates, and the fractional distillation of coal tar and peat. In some industries and regions, the name ''naphtha'' refers to crude oil or refined petroleum products such as kerosene or diesel fuel. Naphtha is also known as Shellite in Australia. Etymology The word ''naphtha'' comes from Latin through Ancient Greek (), derived from Middle Persian ''naft'' ("wet", "naphtha"), the latter meaning of which was an assimilation from the Akkadian 𒉌𒆳𒊏 (see Semitic relatives such as Arabic petroleum" Syriac ''naftā'', and Hebrew , meaning petroleum). Antiquity The book of II Maccabees (2nd cent. BC) tells how a "thick water" was put on a sacrifice at the time of Nehemiah and when the sun shone it caught fire. It adds that "those aro ...
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Revenue
In accounting, revenue is the total amount of income generated by the sale of product (business), goods and services related to the primary operations of a business. Commercial revenue may also be referred to as sales or as turnover. Some company, companies receive revenue from interest, royalties, or other fees. This definition is based on International Accounting Standard, IAS 18. "Revenue" may refer to income in general, or it may refer to the amount, in a monetary unit, earned during a period of time, as in "Last year, company X had revenue of $42 million". Profit (accounting), Profits or net income generally imply total revenue minus total expenses in a given period. In accountancy, accounting, revenue is a subsection of the equity section of the balance statement, since it increases equity. It is often referred to as the "top line" due to its position at the very top of the income statement. This is to be contrasted with the "bottom line" which denotes net income (gross reve ...
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Taxpayer
A taxpayer is a person or organization (such as a company) subject to pay a tax. Modern taxpayers may have an identification number, a reference number issued by a government to citizens or firms. The term "taxpayer" generally characterizes one who pays taxes. A taxpayer is an individual or entity that is obligated to make payments to municipal or government taxation-agencies. Taxes can exist in the form of income taxes and/or property taxes imposed on owners of real property (such as homes and vehicles), along with many other forms. People may pay taxes when they pay for goods and services which are taxed. The term "taxpayer" often refers to the workforce of a country which pays for government systems and projects through taxation. The taxpayers' money becomes part of the public funds, which comprise all money spent or invested by government to satisfy individual or collective needs or to generate future benefits. For tax purposes, business entities are also taxpayers, mak ...
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2014 Ukrainian Revolution
The Revolution of Dignity (), also known as the Maidan Revolution or the Ukrainian Revolution, took place in Ukraine in February 2014 at the end of the Euromaidan protests, when deadly clashes between protesters and state forces in the capital Kyiv culminated in the ousting of President Viktor Yanukovych, the return to the 2004 Constitution of Ukraine, and the outbreak of the 2014 Russo-Ukrainian War. In November 2013, a wave of large-scale protests known as "Euromaidan" began in response to President Yanukovych's decision not to sign a political association and free trade agreement with the European Union (EU), instead choosing closer ties to Russia. Euromaidan soon developed into the largest democratic mass movement in Europe since 1989. Earlier that year, the Verkhovna Rada (Ukrainian parliament) had overwhelmingly approved finalizing the EU association agreement; Russia had pressured Ukraine to reject it. The scope of the protests widened, with calls for the resignatio ...
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Andriy Kobolyev
Andríy Kóbolyev (; born August 16, 1978) is a Ukrainian politician and businessman, and the former chief executive officer of Ukrainian largest company, the state-owned oil and gas company Naftogaz. In October 2014, Kobolyev was named a global "Top 40 under 40" (years of age) leader by ''Fortune'' in recognition of his anti-corruption reform successes. In 2021, he co-founded Eney, a US-Ukrainian diversified decarbonization and clean energy company that builds and invests in projects that advance the Energy Transition in Ukraine and other Eastern European and Central Asian countries. From 2020, Andriy Kobolyev has been a member of the supervisory board of Ukrainian telecommunications company Kyivstar. Following the full-scale Russian invasion of Ukraine on February 24, 2022, Kobolyev became a key driver of Ukraine's effort to have western countries impose energy sanctions and embargoes against Russia. In January 2023, Kobolyev was indicted for allegedly "paying himself" more ...
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PricewaterhouseCoopers
PricewaterhouseCoopers, also known as PwC, is a multinational professional services network based in London, United Kingdom. It is the second-largest professional services network in the world and is one of the Big Four accounting firms, along with Deloitte, EY, and KPMG. The PwC network is overseen by PricewaterhouseCoopers International Limited, an English private company limited by guarantee. PwC firms are in 140 countries, with 370,000 people. 26% of the workforce was based in the Americas, 26% in Asia, 32% in Western Europe, and 5% in Middle East and Africa. The company's global revenues were US$50.3 billion in FY 2022, of which $18.0 billion was generated by its Assurance practice, $11.6 billion by its Tax and Legal practice and $20.7 billion by its Advisory practice. The firm in its recent actual form was created in 1998 by a merger between two accounting firms: Coopers & Lybrand, and Price Waterhouse. Both firms had histories dating back to the 19th century. The ...
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District Heating
District heating (also known as heat networks) is a system for distributing heat generated in a centralized location through a system of insulated pipes for residential and commercial heating requirements such as space heater, space heating and water heating. The heat is often obtained from a cogeneration plant burning fossil fuels or biomass, but heating plant, heat-only boiler stations, geothermal heating, heat pumps and central solar heating are also used, as well as heat waste from factories and nuclear power electricity generation. District heating plants can provide higher efficiencies and better pollution control than localized boilers. According to some research, district heating with combined heat and power (CHPDH) is the cheapest method of cutting carbon emissions, and has one of the lowest carbon footprints of all fossil generation plants. District heating is ranked number 27 in Drawdown (climate), Project Drawdown's 100 solutions to climate change, global warming. His ...
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Kyiv Post
The ''Kyiv Post'' is Ukraine’s first and most prominent English-language newspaper. It was founded in 1995 in Kyiv by American businessman Jed Sunden. In 2018, the publication was acquired by prominent Ukrainian businessman Adnan Kivan, founder of KADORR Group. On November 11, 2021, Luc Chénier returned to ''Kyiv Post'' as its CEO to rebuild, with his first hire being Bohdan Nahaylo as its Chief Editor. Within two months, ''Kyiv Post'' had doubled its readership, with a clear emphasis on being Ukraine's global voice and by focusing on the USA, Canadian, UK, and European Union markets. By year 3, Kyiv Post had 97% of its readership outside Ukraine, with an combined websites and social media viewership of more than 6 million viewers per month. In October 2023, Kyiv Post was the first news organisations in Ukraine to be given a 100% content transparency and accuracy rating for journalism standards according to global rating platform News Guard (others with a perfect 10 ...
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Pipeline Transport
A pipeline is a system of Pipe (fluid conveyance), pipes for long-distance transportation of a liquid or gas, typically to a market area for consumption. The latest data from 2014 gives a total of slightly less than of pipeline in 120 countries around the world. The United States had 65%, Russia had 8%, and Canada had 3%, thus 76% of all pipeline were in these three countries. The main attribute to pollution from pipelines is caused by corrosion and leakage. ''Pipeline and Gas Journal''s worldwide survey figures indicate that of pipelines are planned and under construction. Of these, represent projects in the planning and design phase; reflect pipelines in various stages of construction. Liquids and gases are transported in pipelines, and any chemically stable substance can be sent through a pipeline. Pipelines exist for the transport of crude and refined petroleum, fuels—such as oil, natural gas and biofuels—and other fluids including sewage, slurry, water, beer, hot wa ...
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Natural Gas
Natural gas (also fossil gas, methane gas, and gas) is a naturally occurring compound of gaseous hydrocarbons, primarily methane (95%), small amounts of higher alkanes, and traces of carbon dioxide and nitrogen, hydrogen sulfide and helium. Methane is a colorless and odorless gas, and, after carbon dioxide, is the second-greatest greenhouse gas that contributes to global climate change. Because natural gas is odorless, a commercial odorizer, such as Methanethiol (mercaptan brand), that smells of hydrogen sulfide (rotten eggs) is added to the gas for the ready detection of gas leaks. Natural gas is a fossil fuel that is formed when layers of organic matter (primarily marine microorganisms) are thermally decomposed under oxygen-free conditions, subjected to intense heat and pressure underground over millions of years. The energy that the decayed organisms originally obtained from the sun via photosynthesis is stored as chemical energy within the molecules of methane and other ...
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Vertical Integration
In microeconomics, management and international political economy, vertical integration, also referred to as vertical consolidation, is an arrangement in which the supply chain of a company is integrated and owned by that company. Usually each member of the supply chain produces a different Product (business), product or (market-specific) service, and the products combine to satisfy a common need. It contrasts with horizontal integration, wherein a company produces several items that are related to one another. Vertical integration has also described management styles that bring large portions of the supply chain not only under a common ownership but also into one corporation (as in the 1920s when the Ford River Rouge complex began making much of its own steel rather than buying it from suppliers). Vertical integration can be desirable because it secures supplies needed by the firm to produce its product and the market needed to sell the product, but it can become undesirable wh ...
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