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