Supporting energy sector reform in Ukraine
Despite important reforms implemented to date by Ukraine, a great deal remains to be done to underpin and ensure an effective energy sector reform. OECD recommendations, instruments, policy guidance and capacity-building activities could help Kyiv advance towards its energy goals domestically and fulfill commitments made to the EU. In 2015, the government of Ukraine and the OECD adopted an Action Plan that aligned OECD support with government priorities: (i) anti-corruption, (ii) governance and rule of law, and (iii) investment and business climate.
In the context of the OECD-Ukraine Action Plan, the OECD supports energy sector reforms in Ukraine, focusing on competition, investment, responsible business conduct, anti-corruption and corporate governance of state-owned enterprises (SOEs). The project encompasses a mix of analytical and capacity-building activities to ensure relevance and support to Ukrainian institutions in reforming the energy sector. The project will run until December 2021 and is financed by the Government of Norway.
Mr. Andreas Schaal, Director of OECD Global Relations and Mr. Tor Martin Møller, Deputy Director, Section for Russia, Eurasia and Regional Cooperation, Norwegian Ministry of Foreign Affairs
OECD Review on State-Owned Enterprise Reform in the Hydrocarbons Sector in Ukraine
This publication is the first important output of a wider energy sector reform project. It provides a review of SOE Reform in the Hydrocarbons sector in Ukraine, looking at the Corporate Governance of Naftogaz as a case study, and puts forward 16 detailed recommendations in line with the OECD Guidelines on Corporate Governance of SOEs.
The OECD will continue to assess the energy sector reform, providing policy recommendations in the focus policy areas of competition, investment, responsible business conduct, anti-corruption and corporate governance of SOEs.
- Policy Insights, Enhancing Competitiveness in Ukraine through a Sustainable Framework for Energy Service Companies (ESCOs) (2019) English | Українськa: This report assesses the progress made by Ukraine in the implementation of the 2015 OECD recommendations for developing a sustainable energy savings market with ESCOs in Ukraine.
- A case study of Ukrenergo, the national power company, will also be implemented as part of this project.
OECD standards & benchmarking
Some of the activities are benchmarked against specific OECD standards, namely:
- OECD Guidelines on Corporate Governance of State-Owned Enterprises
- OECD Guidelines for Fighting Bid Rigging in Public Procurement
- OECD Competition Assessment Toolkit
- OECD Policy Framework for Investment (PFI)
- OECD Declaration on International Investment and Multinational Enterprises
- OECD Guidelines for Multinational Enterprises
- OECD Responsible Business Conduct Due Diligence Guidance
- OECD Istanbul Anti-Corruption Action Plan (IAP)
Working with OECD committees & working parties
Project findings will be presented to OECD committees and working parties for peer review discussion and monitoring of results. Participating committees and working parties include:
- OECD Working Party on State Ownership and Privatisation Practices (subsidiary body of the OECD Corporate Governance Committee)
- OECD Competition Committee
- OECD Investment Committee
- OECD Working Party on Responsible Business Conduct (subsidiary body of the OECD Investment Committee)
- OECD Anti-Corruption Network for Eastern Europe and Central Asia
This work could potentially lead to the invitation of Ukraine to align, and eventually adhere, to some OECD instruments and bodies as appropriate.
- See also the International Energy Agency's Ukraine Energy Service Companies profile
For more information about the work on Ukraine, please contact: