Business news from Ukraine

SMART ENERGY INVESTS ALMOST UAH 250 MLN IN NEW PROJECTS IN JAN-SEPT

16 November , 2017  

KYIV. Nov 15 (Interfax-Ukraine) – Smart Energy invested UAH 247 million in January-September 2017, which is more than total investment in 2016 (UAH 242 million), Smart Energy CEO Serhiy Hlazunov said at a press conference in Kyiv on Tuesday.
He said that since 2011, investment in development of fields have reached UAH 1.7 billion.
Mining companies of Smart Energy produced 1.19 million barrels of oil equivalent (boe) in January-September 2017, including 163.4 million cubic meters of gas, 13,200 tonnes of gas condensate and 3,200 tonnes of liquefied petroleum gas (LPG). Last year the company produced 1.57 million boe, including 208.4 million cubic meters of gas, 16,900 tonnes of condensate and 9,600 tonnes of LPG.
Since 2011, production reached 9.334 million boe, including 1.27 billion cubic meters of gas, 109,000 tonnes of condensate and 24,000 tonnes of LPG.
Smart Energy’s companies paid UAH 580 million of taxes in January-September 2017 (UAH 738 million in 2016).