Koretskyi Sergii

Born in Lutsk in 1978. He holds three university degrees. He graduated from Lutsk State Technical University with a degree in Engineering in 2001 and a degree in Enterprise Economics in 2005. In 2025, he graduated from Ivano-Frankivsk National Technical University of Oil and Gas with a degree in Oil and Gas Engineering and Technology. From 1998 to 2012, he worked at the Continuum Group of Companies in Lutsk, progressing from engineer to director. From 2013 to 2018, he served as CEO of the WOG filling station network, where he introduced new processes, built a strong management team, and optimized operations, increasing the network’s efficiency. In 2019, he founded the coffee company IDEALIST coffee co. From November 2022 to May 2025, he served as Director of PJSC UKRNAFTA and JSC UKRTATNAFTA. He launched a strategic transformation of the company, delivering a net profit of UAH 40 billion, compared with cumulative losses of UAH 10 billion over the preceding ten years. He assembled a new management team that introduced modern corporate practices. He oversaw a record expansion of the resource base, initiated large-scale investment in the modernization of the company, secured more than UAH 10 billion in credit facilities from Ukrainian banks, and obtained EUR 80 million in financing from the European Bank for Reconstruction and Development (EBRD) for the construction of distributed gas-fired generation facilities. From May 2025 to July 2026, he served as Chairman of the Board of Naftogaz Group. He ensured the uninterrupted performance of the Group’s critical functions under unprecedented wartime pressure. During 2025, Naftogaz Group facilities were subjected to 229 attacks — more than during the previous three years combined. Ahead of the 2025–2026 heating season, Naftogaz Group ensured that Ukraine’s gas storage facilities were filled to the level required to meet the country’s needs, reaching 13.2 billion cubic metres of gas. Despite losing almost 50% of its own production capacity due to infrastructure damage, Naftogaz Group maintained an uninterrupted supply of gas and heat to consumers throughout the most difficult heating season of the war. He secured agreements for EUR 850 million in financing from the EBRD and the European Investment Bank, as well as UAH 27 billion in credit financing from Ukrainian banks, to purchase imported gas and build strategic reserves. The EUR 500 million agreement with the EBRD was the Bank’s largest project in Ukraine at the time of signing. He completed the restructuring of two Naftogaz Eurobond issues with a total value of approximately EUR 1.2 billion and further diversified natural gas supply routes to Ukraine. At the beginning of 2026, Naftogaz Group launched a new digital service — the KUB mobile application. He led the development of distributed gas-fired generation projects, securing an additional EUR 80 million in EBRD financing for the construction of facilities with a total capacity of 62 MW. He organized an international campaign to enforce the recovery of more than USD 1.4 billion from Gazprom for failure to comply with its transit contract, overseeing legal and enforcement proceedings across multiple jurisdictions. He conducted a comprehensive review of the Group’s financial model, identifying the key drivers of liquidity and profitability, as well as its financing requirements. On 16 July 2026, h