The media reported on the income declared by the heads of "Ukrnafta" and "Naftogaz"

The media reported on the income declared by the heads of "Ukrnafta" and "Naftogaz"

The director of Ukrnafta, Serhiy Koretskyi, is the highest paid executive among state-owned energy companies, such data was published by journalists from Word and Deed , according to the Telegraph publication.

According to his declarations, in 2023 he received UAH 27.3 million in salary (approximately UAH 2.3 million per month): UAH 14.7 million from Ukrnafta and another UAH 12.6 million from Ukrtatnafta. His formal boss, Naftogaz CEO Oleksiy Chernyshov, is second on the list with an annual salary of UAH 21.4 million.

However, as the publication notes, the state oil company has not only the most expensive CEO, but also the most expensive top management. According to the declarations submitted to the NACP for 2023, the Ukrnafta CEO and his deputies received UAH 59.8 million in salaries. Naftogaz is again in second place, with its board earning UAH 51.2 million over the year.

The highest salaries at Ukrnafta were paid to Yuriy Tkachuk, Deputy Director for Finance, who received UAH 9.5 million, Oleh Malchyk, Deputy Director and Chief Engineer, who received UAH 8.1 million, Olena Artazey, Deputy Director for Human Resources, who received UAH 6.7 million, and Kostyantyn Matsera, Deputy Director for Security, who received UAH 6.3 million per year.

Journalists note that these are “bare” salaries without bonuses, which can reach 50% of the annual salary.

Against this background, the publication recalls how often the head of Ukrnafta recalls the record 24 billion UAH of net profit for 2023, which were obtained from the income of Ukrtatnafta. The material also states that actual oil production in 2023 was lower than planned - 1.409 million tons versus 1.450 million tons, but the planned figure was “accidentally” reduced to 1.405 million tons, thanks to which the company fit into the plan.