Burisma

Burisma Holdings Limited was a holding company based in Kyiv, Ukraine, for a group of energy exploration and production companies. It was registered in Limassol, Cyprus, until being dissolved in 2023. Burisma Holdings operated in the Ukrainian natural gas market since 2002. It was one of the largest private natural gas producers in Ukraine, circa 2019. It was owned by Ukrainian oligarch Mykola Zlochevsky through his company Brociti Investments Limited.
burisma

Some of the key events about Burisma

  • 2002
    Founded as a private oil and gas company in Ukraine
  • 2006
    Acquired licenses for hydrocarbon production in Ukraine
  • 2010
    Expanded operations to include natural gas production
  • 2010
    Burisma obtained controversial gas exploration licenses through non-competitive tenders
  • 2012
    The company was accused of underpaying taxes by millions of dollars
  • 2013
    Became one of Ukraine's largest natural gas producers
  • 2014
    Invested in new drilling technologies to increase production efficiency
  • 2014
    Burisma faced allegations of money laundering and tax evasion
  • 2014
    The company was criticized for appointing individuals with political connections to its board
  • 2015
    Implemented corporate governance reforms to improve transparency
  • 2015
    Ukrainian prosecutors launched an investigation into Burisma's founder for alleged embezzlement
  • 2016
    Launched a corporate social responsibility program focusing on education and healthcare
  • 2016
    Burisma was accused of exerting improper influence on Ukrainian government officials
  • 2017
    Achieved record levels of natural gas production in Ukraine
  • 2018
    Invested in renewable energy projects, including solar power
  • 2019
    Contributed significantly to Ukraine's energy independence efforts
  • 2019
    The company became embroiled in a U.S. political controversy regarding its board appointments
  • 2020
    Burisma was targeted in a Russian hacking attempt, raising cybersecurity concerns
  • 2020
    The company faced renewed scrutiny over its past business practices and political connections
  • 2021
    Burisma's founder was placed under sanctions by the U.S. Treasury Department for corruption

Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.

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